Why FMC Stock Got Mashed on Monday

Core Viewpoint - FMC's stock price declined nearly 5% following a significant reduction in its price target by an analyst, contrasting with the S&P 500 index's smaller decline of 0.9% [1] Group 1: Analyst Actions - Jeffrey Zekauskas of JPMorgan Chase lowered FMC's price target from $43 to $14 per share, while maintaining a neutral recommendation on the stock [2] - This price target cut is part of a broader trend, with similar reductions from analysts at Wells Fargo, Morgan Stanley, and Mizuho in recent weeks [3] Group 2: Earnings Performance - FMC's third-quarter earnings report showed a slight beat on net income but a significant shortfall in sales, which were nearly 50% lower than consensus estimates [4] - The company's top line dropped by nearly 50% year-over-year, prompting management to lower guidance for revenue and profitability for 2025 [5] Group 3: Management Changes and Concerns - The resignation of FMC's president, Ronaldo Pereira, after 28 years with the company adds to investor concerns [4] - The decline in performance, particularly attributed to developments in India, raises worries about FMC's operational control, suggesting a potential reason to avoid the stock for now [6]