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.
Textron (NYSE:TXT) reported quarterly earnings of $1.07 per share which beat the analyst consensus estimate of $1.00 by 7 percent. This is a 13.83 percent increase over earnings of $0.94 per share from the same period