Mizuho lowered the firm’s price target on FMC (FMC) to $21 from $24 and keeps an Outperform rating on the shares. The firm adjusted targets in the agriculture group as part of a quarterly earnings preview. Continued pressure on corn prices and the expectation that earnings will be lower in 2026 verses 2025 for most fertilizer companies make Mizuho “reluctant to be more constructive on fertilizers,” the analyst tells investors in a research note.
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