Bank of America Downgrades Forum Energy Technologies To Neutral

Bank of America downgraded

from Outperform to Neutral. The price target for Forum Energy Technologies has been raised from $22.00 to $24.00. Forum Energy Technologies shares have dropped 27.88 percent over the past 52 weeks, while the S&P 500 index has surged 13.28 percent in the same period. Forum Energy Technologies' shares rose 4.48 percent to close at $23.08 on Friday.