BofA cuts price targets on US fertilizer companies amid trade tensions

** BofA cuts price targets on fertilizer companies amid escalating U.S.-China trade war

** Increased likelihood of a recession and a global trade war could have far more severe implications than previously expected - BofA

** BofA sees potential downside from tariffs on U.S. exports, especially for soybeans

Brokerage cuts PT on the following firms:

Company

New PT

Old PT

FMC Corp BofA cuts price targets on US fertilizer companies amid trade tensions FMC

$36

$48

Bunge Global BofA cuts price targets on US fertilizer companies amid trade tensions BG

$84

$87

Corteva BofA cuts price targets on US fertilizer companies amid trade tensions CTVA

$71

$73

ADM BofA cuts price targets on US fertilizer companies amid trade tensions ADM

$47

$48

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