Barclays Keeps Overweight Rating on FMC Corporation (FMC), Adjusts EPS Forecast After Earnings Surprise

FMC Corporation (NYSE:FMC) ranks among the best mid-cap materials stocks to buy now. On August 13, Barclays reiterated its Overweight rating on FMC Corporation (NYSE:FMC) with a price target of $48, down from $49. The firm’s forecast for FMC’s fiscal year 2025 revenues remains essentially unchanged, estimating flat sales year over year (down 1%), or around $4.2 billion.

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Barclays stated that FMC’s second-quarter performance crossed expectations by almost 20%, leading it to modestly increase its adjusted earnings per share projection to $3.45.

The investment bank is keeping an eye on FMC’s new go-to-market strategy, credit, and inventory levels as the company reports its second-half earnings.

Founded in 1883 as an insecticide factory, FMC Corporation (NYSE:FMC) is an American chemical manufacturing company that has since branched out into other industries, including lithium.

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READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

Disclosure: None. This article is originally published at Insider Monkey.

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

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