FMC recently updated its third-quarter and FY23 outlook. The company now expects its third-quarter revenue to be $982 million, down from the previous $1.19 billion - $1.27 billion, and against the estimate of $1.21 billion. The adjusted EPS is expected to be $0.44, down from the prior outlook of $0.90 - $1.32, against the $1.02 estimate.

• Fermium Research analyst Frank Mitsch maintained a Hold rating and cut the price target from $85 to $62 on Oct. 24, 2023. This analyst has an accuracy rate of 68%.
• Morgan Stanley analyst Vincent Andrews downgraded the stock from Overweight to Equal-Weight and slashed the price target from $100 to $70 on Oct. 24, 2023. This analyst has an accuracy rate of 77%.
• Keybanc analyst Aleksey Yefremov maintained an Overweight rating and cut the price target from $107 to $83 on Oct. 24, 2023. This analyst has an accuracy rate of 68%.
• JP Morgan analyst Jeffrey Zekauskas initiated coverage on the stock with a Neutral rating and a price target of $90 on Aug. 21, 2023. This analyst has an accuracy rate of 72%.
• Goldman Sachs analyst Adam Samuelson downgraded the stock from Buy to Neutral and cut the price target from $135 to $59 on Oct. 24, 2023. This analyst has an accuracy rate of 68%.