Barclays Maintains Equal Weight on FMC, Lowers Price Target to $16

Core Insights - FMC Corporation (NYSE:FMC) has been included among the 15 stocks with the highest dividend potential for investment [1] Financial Performance - In Q3 2025, FMC reported revenue of $542 million, a significant decline of 49% year-over-year, primarily due to one-time commercial actions in India as the company prepared for a business sale [3] - The company projects full-year revenue between $3.92 billion and $4.02 billion, reflecting a 7% decrease at the midpoint compared to 2024 [3] - Adjusted EBITDA is forecasted to be between $830 million and $870 million, indicating a 6% decline versus the previous year at the midpoint [3] Dividend and Financial Strategy - FMC has reduced its quarterly dividend to $0.08 per share from $0.58, a strategic move aimed at strengthening the balance sheet and addressing a net debt exceeding $4 billion [4] - The company views this dividend cut as a necessary step to stabilize its finances, despite the potential to deter yield-focused investors [4] Analyst Ratings - Barclays has maintained an Equal Weight rating on FMC while lowering the price target from $22 to $16, citing softer Q4 demand due to deferred purchases amid high prices [2] - The analyst noted that some of the demand weakness may be partially offset by a strong US harvest [2]