Zacks Research downgraded FMC Corporation from hold to strong sell on July 3, 2026.
This rating change follows a July 1, 2026, agreement for Tessenderlo Group to invest approximately $400 million in the company. Tessenderlo will acquire a 20% stake at a price of $13.30 per share.
FMC intends to use the capital injection to reduce its debt by approximately $1 billion. The move aims to strengthen the company's balance sheet and overall liquidity.
Despite the investment, Zacks highlighted persistent concerns regarding FMC's financial health and market performance. The company's stock currently trades near the bottom of its 52-week range.