FMC price target raised to $61 from $55 at Citi

Citi raised the firm’s price target on FMC (FMC) to $61 from $55 and keeps a Neutral rating on the shares. The firm reduced Q4 earnings estimates and increased 2025 numbers for the agricultural chemicals to reflect reflect larger currency headwinds into 2025 from a strengthening U.S. dollar, offset by marginally better organic sales on a recovery year for crop chemicals and seeds.