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Raymond James Upgraded FMC Technologies from Market Perform to Outperform

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In a research note published Monday, FMC Technologies, Inc (NYSE: FTI) was upgraded from Market Perform to Outperform at Raymond James.

Amid recent weak 2014 guidance, the firm's J. Marshall Adkins noted:

  • weakness appears to be short lived as segment margins are improving, and
  • offshore activity improves and international surface demand remains strong.

"Given the company's under performance YTD and our belief that FMC's guidance has been de-risked, FMC has positioned itself for a series of beat and raise quarters prompting us to upgrade shares" Adkins said.

Shares of FMC Technologies are up 1 percent to around $48.90 at last check.

Latest Ratings for FTI

DateFirmActionFromTo
Feb 2021BarclaysDowngradesOverweightEqual-Weight
Feb 2021UBSDowngradesBuyNeutral
Feb 2021Kepler CheuvreuxDowngradesBuyHold

View More Analyst Ratings for FTI
View the Latest Analyst Ratings

 

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