FMC price target lowered to $41 from $50 at Wells Fargo

Wells Fargo analyst Richard Garchitorena lowered the firm’s price target on FMC (FMC) to $41 from $50 and keeps an Overweight rating on the shares. The firm adjusts its Q3 estimates ahead of results as our checks point to softening demand and sentiment throughout the quarter on rising concerns about 2026, given this year’s expected record harvest. Wells expects a more cautious outlook tone with Q3 results.