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FMC Corp May See Volume Contraction, Analyst Warns Of Flattish Underlying Demand, Downgrades Stock

BofA Securities analyst downgrades FMC Corporation due to anticipated 20% volume contraction in 2023, raising concerns over flattish underlying demand and potential aggressive price actions in 2024. The analyst highlights uncertainties in monitoring channel inventory levels and emphasizes FMC's product pipeline as a potential valuation recovery driver.

FMC

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Contaminant Litigation Risks May Affect DuPont Valuation, Analyst Downgrades Stock

Bank of America Securities analyst Steve Byrne downgrades DuPont de Nemours Inc (NYSE: DD) stock from Buy to Underperform, raising the price target from $78 to $80. Citing concerns over DuPont's modest earnings recovery in 2024, undervalued PFAS liabilities, and the $1.2 billion AFFF MDL settlement, Byrne highlights potential risks from PFAS news flow and personal injury litigation, despite increased EPS estimates due to improvements in U.S. housing starts.

DD

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Wall Street Slips As Rate-Cut Hopes Diminish With Inflation, Bitcoin Remains Unmoved By ETF Debut: What’s Driving Markets Thursday?

It’s a bearish Thursday on Wall Street, with stocks relinquishing their gains due to unexpectedly high inflation numbers for December, causing some turbulence in market expectations regarding earlier Federal Reserve rate cuts.<

AAPL

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Analyst Cautions Vulnerability In Finance Stocks, Downgrades Ally Financial And Goldman Sachs But Optimistic On Aircraft Lessors

BMO Capital Market analyst James Fotheringham initiated coverage on a few aircraft lessors, investment bank, and disruptive tech lenders stocks and lowered ratings on auto lenders companies based on its Non-Performing Asset Formation Analysis.

AER