FMC stock price jumps nearly 7% as traders weigh strategic review and fresh Citi target cut
FMC shares jumped 7% to $16.46 Tuesday morning, extending gains after the company launched a strategic review that could include a sale and warned of weaker 2026 results. Citigroup cut its price target to $14 but kept a Neutral rating. Moody’s downgraded FMC’s debt to junk, citing increased event risk. The company’s annual shareholder meeting is set for April 28.