Morgan Stanley has downgraded the following companies:
Dresser-Rand (NYSE: DRC) from Overweight to Equal-weight, $67 PT established
FMC Technologies (NYSE: FTI) from Equal-weight to Underweight, PT lowered from $53 to $50
McDermott International (NYSE: MDR) from Overweight to Underweight, PT lowered from $18 to $12
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