RBC Capital Maintains Outperform on FMC, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Arun Viswanathan maintains an Outperform rating on FMC Corporation (NYSE:FMC) but lowers the price target from $61 to $59.
February 08, 2024 | 3:12 pm
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RBC Capital has maintained its Outperform rating on FMC Corporation but reduced the price target from $61 to $59.
The adjustment in price target by a reputable analyst firm like RBC Capital could have a mixed impact on FMC's stock price. While maintaining an Outperform rating indicates a positive outlook on the company, the reduction in the price target might signal a tempered expectation for the stock's short-term performance. Investors might view this as a slight negative, but the continued positive rating suggests underlying strength in FMC's fundamentals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100