Street View: Analysts cautious on FMC after pricing reset, outlook cut

** Shares of agricultural chemicals maker FMC FMC.N fall 2.1% to $5.50 premarket

** FMC on Thursday slashed Q3 outlook and forecast up to $675 million in charges related to price cuts and changes to its US pricing model

** The company's shares plunged over 30% on Thursday

FMC HIT BY ANALYST DOWNGRADES

** Mizuho ("outperform") cuts price target to $10 from $12

** Brokerage expects industry-wide pricing pressure from generic competition to persist, especially in LatAm; says FMC's ongoing pricing challenges were the primary driver of the cut

** Adds: "We believe that management has already tried

almost everything and this is probably the last lever to pull"

** Jefferies downgrades FMC rating to "hold" from "buy"; cuts PT from $14 to $5

** "The current crop protection market remains at a trough, and the company has reduced pricing on a wide range of off-patent crop protection products," Jefferies says

** J.P. Morgan (neutral) cuts PT to $6 from $12

** Says FMC appears to be absorbing $625 million to $675 million in charges through lower prices and customer rebates, though the ultimate cash impact of those pricing actions remains unclear