Market Overview

UPDATE: Jefferies Upgrades FMC Technologies to Hold Following On Recent Underperformance

Share:
Related FTI
15 Biggest Mid-Day Losers For Monday
Benzinga's Top Upgrades, Downgrades For February 6, 2017
Kentucky Retirement Systems Buys Mid-America Apartment Communities, Arconic, The Cooper, Sells ... (GuruFocus)

Jefferies raised its rating on FMC Technologies (NYSE: FTI) from Underperform to Hold but lowered its price target from $42 to $41.

Jefferies said, "Underperformance has left shares fairly valued, in our view, and lower U.S. onshore estimates remove a negative catalyst. Most importantly, we remain constructive regarding subsea growth and accept 13% EBIT margin guidance for 2013 and higher margins beyond. However, we note a more challenged position in subsea boosting could delay processing as a catalyst."

FMC Technologies closed at $39.70 on Wednesday.

Latest Ratings for FTI

DateFirmActionFromTo
Feb 2017JefferiesInitiates Coverage OnHold
Feb 2017BarclaysInitiates Coverage OnEqual-Weight
Jan 2017UBSInitiates Coverage OnBuy

View More Analyst Ratings for FTI
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (FTI)

View Comments and Join the Discussion!