FBR Capital Maintains an 'Outperform' on FMC Technologies (FTI); Turning the Corner Sharply--Earnings Should Resume Rapid Ascent

FBR Capital maintains an 'Outperform' on FMC Technologies (NYSE: FTI), PT $65.

FBR analyst says, "We believe continued strength in the fluid control business, combined with a sustainable backlog of more than $4 billion, offers an attractive earnings growth story over the next few years. We believe 1Q11 will mark the bottom for energy production system margins and expect the Marlim project with Petrobras in Brazil will prove to be a powerful catalyst as 2011 progresses. Our 2011 and 2012 EPS estimates remain unchanged at $1.75 and $2.25, respectively."

For more ratings news on FMC Technologies click here and for the rating history of FMC Technologies click here.

Shares of FMC Technologies closed at $46.48 yesterday.

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