Loop Capital analyst Chris Kapsch raised the firm’s price target on FMC Corporation to $65 from $55 and keeps a Hold rating on the shares after talks with its management ahead of their pre-earnings release quiet period. This is the first time in at least three quarters that trends have been tracking its internal expectations, according to the company, though demand headwinds will have persisted in North America for through Q1 of 2024 and Europe was characterized as the region that was second in terms of working through the excess channel inventories, the analyst tells investors in a research note.
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