Why FMC Stock Surged Today
President Donald Trump is all set to impose tariffs on agricultural products on April 2, while China and Canada have already announced retaliatory tariffs on several items, including food and farm products. Yet, shares of FMC Corp (NYSE: FMC), which calls itself an agricultural sciences company and sells chemicals, surged today and were trading 6% higher as of 1:30 p.m. ET Wednesday.
An analyst downgraded the price target on the agriculture stock but still expects significant upside. Investors are, perhaps, also betting on the CEO's latest move.
An analyst at Seaport Global slashed FMC stock's price target to $55 per share from $72 a share, citing a weak, global macroenvironment and the potential impact of tariffs on demand for agricultural products.
Source Fool.com
FMC Corp. Stock
We see a rather positive sentiment for FMC Corp. with 12 Buy predictions and 1 Sell predictions.
With a target price of 46 € there is a positive potential of 22.18% for FMC Corp. compared to the current price of 37.65 €.
