Credit Suisse Upgrades FMC Technologies (FTI) to Neutral

Credit Suisse upgraded FMC Technologies (NYSE: FTI) from Underperform to Neutral and maintained a price target of $29.00.

Analyst J. Wicklund commented, "We are still concerned about the 2-3 year order trend and the impact through the income statement, with a $500-600mm drop in Subsea revenues expected in 2016 and another decline in 2017, driving segment margins down 200-300 bps over that period."

For an analyst ratings summary and ratings history on FMC Technologies click here. For more ratings news on FMC Technologies click here.

Shares of FMC Technologies closed at $33.90 yesterday.

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