Market Overview

UPDATE: Deutsche Bank Initiates Forum Energy Tech with Buy, PT of $30; High Quality Mid-Cap

Related FET
Forum Energy Technologies Signs Contract for Eight Edge™ II Desalters
Jefferies Just Hiked These Oil Stocks, Firm Prefers Onshore Business

Deutsche Bank initiates its price target on Forum Energy Tech (NYSE: FET) with a Buy rating and a $30 price target on shares.

Deutsche Bank notes, "FET fills a significant void in the oil service space by offering investors a high quality SMID cap name with leverage to some of the strongest secular growth themes in the industry and one of the highest quality management teams we have seen in a company this size. In particular, management has positioned FET to benefit from the growth in deepwater/ subsea, rising well complexity and higher service intensity."

FET closed at $21.34 on Wednesday.

Latest Ratings for FET

Oct 2015BarclaysMaintainsEqual-weight
Sep 2015Credit SuisseMaintainsNeutral
Jul 2015BarclaysMaintainsEqual-weight

View More Analyst Ratings for FET
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Initiation Intraday Update Analyst Ratings


Related Articles (FET)

Get Benzinga's Newsletters