KeyBanc Starts FMC Corp. (FMC) at Overweight

KeyBanc analyst Salvator Tiano initiates coverage on FMC Corp. (NYSE: FMC) with a Overweight rating and a price target of $16.00.

The analyst comments "Initiating Coverage of FMC with an OW and a $16 PT. Following a multi-year downturn, we believe now is the time to buy FMC shares. The dividend has been cut, and the balance sheet is repaired with the ~$1B in liquidity raised this year. Earnings, in our view, are bottoming as additional diamide headwinds can now be offset by growth in other parts of the portfolio. Lastly, with an ag upcycle ahead and the crop chemicals industry suffering greatly since 2024, we believe the sector is poised for a strong rebound in both volumes and potentially price/mix. Our $16 PT reflects 9x on our 2026E EBITDA, still well-below the low-teens multiple the Company has historically commanded."

For an analyst ratings summary and ratings history on FMC Corp. click here. For more ratings news on FMC Corp. click here.

Shares of FMC Corp. closed at $12.08 yesterday.

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