Barclays analyst Benjamin Theurer downgraded FMC (FMC) to Underweight from Equal Weight with a price target of $13, down from $16. The firm expects the agriculture markets to see mixed results in 2026. It favors seed over crude protein and is neutral to positive on fertilizer. FMC is facing a “tough” near to medium-term outlook, with management citing only limited growth potential in the coming three years, the analyst tells investors in a research note.
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