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. Stock
€13.78
0.880%
With 17 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
Based on the current price of 13.78 € the target price of 42 € shows a potential of 204.9% for FMC Corp. which would more than double the current price.
