FMC Corporation Sees 20% Rally This Week Amid Global Fertilizer Price Surge

FMC Corporation shares rallied 19.6% this week due to higher fertilizer prices resulting from the Middle East conflict, which has choked off supply from affected countries. Analyst Patrick Cunningham at Citigroup raised his price target on FMC shares from $14 to $15, citing the impact of the war on fertilizer prices. Additionally, management's exploration of offers to sell the company may be contributing to the price action. However, FMC remains a risky turnaround play with a substantial debt load.