FMC Corporation price target lowered to $58 from $59 at Wells Fargo

Wells Fargo lowered the firm’s price target on FMC Corporation to $58 from $59 and keeps an Equal Weight rating on the shares. While the firm sees “light at the end of the destocking tunnel” and expects a better second half of 2024 given the self-help actions in place, it remains on the sidelines as it still sees uncertainty in the recovery of demand.