Wells Fargo upgrades FMC to 'overweight' on earnings recovery potential

ReutersJun 23, 2025 1:54 PM

Shares of agrichemicals company FMC Corp FMC.N gain 3.3% to $42.44

Wells Fargo upgrades the stock to "overweight" from "equal-weight"; raises PT to $50 from $41

New PT is more than 21% premium to stock's last close

FMC can meet 2025 earnings guide, indicated by meetings with company management and recent industry events - Wells Fargo

Says recent partnerships with Germany's Bayer and Corteva can drive demand, supporting faster penetration into new markets

Says concerns over declining earnings in FY26 "overdone", co's strategy to limit competition-induced impact can drive growth through 2027 and beyond

Eight brokerages rate the stock "buy" and higher, 11 rate "hold" and two rate "sell" and lower - data compiled by LSEG

FMC stock down about 13% YTD, including session's moves

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