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”.
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