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Morgan Stanley cuts FMC price target amid tough ag market, but stock shows 8.45% upside potential.

Market News
31 Jul 2026
Alex Lavoie
View Source
Neutral
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Morgan Stanley lowered its price target for FMC Corporation to $12.00 from $15.50 due to challenges in the agricultural market, including cautious customer buying and unfavorable weather. FMC's Q2 revenue fell 17% to $867 million, but strong cost controls helped adjusted EBITDA exceed expectations at $153 million. Despite a 62% drop in adjusted EPS to $0.26 and lowered full-year guidance, the stock rallied, signaling possible renewed investor optimism.

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