B of A Securities Downgrades FMC to Underperform, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Steve Byrne has downgraded FMC Corporation (NYSE:FMC) from Neutral to Underperform, also reducing the price target from $60 to $57. This reflects a more bearish outlook on the company's stock by the analyst.
January 16, 2024 | 5:42 pm
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FMC Corporation's stock rating has been downgraded by B of A Securities from Neutral to Underperform with a reduced price target from $60 to $57, indicating a negative outlook.
Downgrades by analysts can lead to a negative perception among investors and potentially result in a decrease in stock price. The reduction in price target further emphasizes the analyst's bearish stance on the stock, which may influence investor sentiment and stock performance in the short term.
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