Jefferies downgraded FMC with a guidance cut, flagging that visibility "deteriorates, again." The "again" is doing the work there: serial guidance resets tend to keep a stock under pressure until esti

What happened: Jefferies downgraded FMC Corp. (FMC) after the agricultural chemicals company cut its Q3 revenue guidance, citing deteriorating visibility. Key numbers: Q3 revenue guidance cut to $65M-$125M. Adjusted EBITDA loss of $510M-$565M. Shares fell 31% in the previous session, then rebounded 1.7% Friday. Why it matters: The guidance cut came in far below consensus estimates, and Jefferies cited worsening visibility in its downgrade.

Jefferies downgraded FMC Corp. (FMC) after the agricultural chemicals company cut its Q3 revenue guidance, citing deteriorating visibility.

The guidance cut came in far below consensus estimates, and Jefferies cited worsening visibility in its downgrade.