FMC Corporation price target lowered to $69 from $79 at KeyBanc

KeyBanc lowered the firm’s price target on FMC Corporation (FMC) to $69 from $79 and keeps an Overweight rating on the shares. With FMC shares making new lows since 2017, and underperforming the S&P 500 by 114% over the last two years and 28% since early November, the firm believes the market has meaningfully discounted key potential problems the company is facing. KeyBanc advocates value-oriented contrarian investors consider FMC, which stands out as one of the best risk/rewards in its coverage. The firm expects FMC’s EBITDA to improve 14% in 2025 as volumes continue recovery that started in Q2 2024.