Why FMC Stock Got Mashed on Monday
Agricultural sciences company (NYSE: FMC) wasn't growing on the stock exchange Monday. The company's share price declined by nearly 5% that day, following an analyst's substantial reduction in his price target. The stock's decline was much steeper than the 0.9% fall of the bellwether S 500 index.
Before market open Monday, Jeffrey Zekauskas of JPMorgan Chase unit J.P. Morgan lowered his FMC price target to $14 per share. That was quite some distance down from his previous fair value assessment of $43. Despite the big change, Zekauskas maintained his existing neutral recommendation on the stock.
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Source Fool.com
FMC Corp. Aktie
13,03 €
1,56 %
Eine klare Tendenz zu Buy-Einschätzungen bei FMC Corp., ohne Sell-Einschätzungen.
Auf Basis des aktuellen Kurses von 13.03 € ergibt das Kursziel von 39 € ein Potenzial von 199.42% für FMC Corp., was mehr als eine Verdoppelung ergeben würde.
