Wells Fargo upgrades FMC to 'overweight' on earnings recovery potential

FMC

23/06/2025 14:54

** Shares of agrichemicals company FMC Corp FMC.N gain 3.3% to $42.44

** Wells Fargo upgrades the stock to "overweight" from "equal-weight"; raises PT to $50 from $41

** New PT is more than 21% premium to stock's last close

** FMC can meet 2025 earnings guide, indicated by meetings with company management and recent industry events - Wells Fargo

** Says recent partnerships with Germany's Bayer and Corteva can drive demand, supporting faster penetration into new markets

** Says concerns over declining earnings in FY26 "overdone", co's strategy to limit competition-induced impact can drive growth through 2027 and beyond

** Eight brokerages rate the stock "buy" and higher, 11 rate "hold" and two rate "sell" and lower - data compiled by LSEG

** FMC stock down about 13% YTD, including session's moves

 (Reporting by Ankita Yadav in Bengaluru)

 ((Ankita.Yadav@thomsonreuters.com;))