FMC Corporation price target lowered to $105 from $125 at Fermium Research

Fermium Research lowered the firm’s price target on FMC Corporation to $105 from $125 and keeps a Hold rating on the shares. After FMC cut guidance “due to an abrupt and significant reduction in inventory by channel partners” and warned that it now expects “substantially lower-than-expected volumes,” Fermium tells investors that to see this level of lowered guidance “from a theoretically more stable ag chemical supplier like FMC is a surprise, and not a positive one.”