FMC Corp. (FMC) PT Lowered to $49 at Jefferies

Jefferies analyst Lawrence Alexander lowered the price target on FMC Corp. (NYSE: FMC) to $49.00 (from $61.00) while maintaining a Buy rating.

The analyst comments "Q4 EPS was $0.19 above consensus, but the 2025 outlook is below expectations ($3.26-$3.70 vs. $4.36). Destocking headwinds and contract-based price adjustments will be a sales headwind in 2025, and inventory reductions will hinder margins. This will be partially offset by $150m in restructuring savings. 2025 sales is pegged at $4.15-$4.35bn and EBITDA is pegged at $870-$950m. An increase to $5.2bn in sales and $1.2bn in EBITDA is expected by 2027."

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