Why FMC Stock Got Mashed on Monday

Agricultural sciences company FMC (NYSE: FMC) wasn't growing on the stock exchange Monday. The company's share price declined by nearly 5% that day, following an analyst's substantial reduction in his price target. The stock's decline was much steeper than the 0.9% fall of the bellwether S&P 500 index. Before market open Monday, Jeffrey Zekauskas of JPMorgan Chase unit J.P. Morgan lowered his FMC price target to $14 per share. That was quite some distance down from his previous fair value assessment of $43. Despite the big change, Zekauskas maintained his existing neutral recommendation on the stock. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool