FMC plans $1B debt cut to boost profits amid grain market recovery and potential strong turnaround.

FMC Corporation is aggressively reducing its $1 billion net debt to lower annual interest costs by about $70 million and improve its tangible book value. The company, a key player in agricultural chemicals, faces challenges from high debt and cyclical industry pressures but is positioned for recovery as the grain market improves. Positive technical momentum and a recovering agriculture cycle could drive cash EPS above $2 by 2027. The stock is rated Buy with potential upside of 100% to 150%, balanced against a possible 60% downside risk depending on agricultural market growth.