BMO Capital analyst Joel Jackson keeps an Outperform rating and an $80 price target on Corporation after its Investor Day. The company needs to reestablish its credibility, though its outlook for 2024 is likely low enough to ensure FMC cannot miss, the analyst tells investors in a research note. Even conservatively assuming the low-end of $1.3B-$1.5B 2026 EBITDA guidance, the firm states it can “justify an Outperform rating”.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on FMC:
- FMC Corporation outlines new strategic growth plan
- FMC Corporation to host analyst day
- FMC Corporation to introduce strategic growth plan at Investor Day, details cost restructuring and provides preliminary 2024 outlook
- FMC Corporation sets FY26 goals
- FMC Corporation sees FY24 revenue $4.65B-$4.85B, consensus $4.69B
