Deutsche Bank Starts Forum Energy Technologies (FET) at Buy; Filling The Void

Deutsche Bank initiates coverage on Forum Energy Technologies (NYSE: FET) with a Buy. PT $30.00.

Deutsche analyst said, "FET fills a significant void in the oil service space by offering investors a high quality SMID cap name with leverage to some of the strongest secular growth themes in the industry and one of the highest quality management teams we have seen in a company this size. In particular, management has positioned FET to benefit from the growth in deepwater/ subsea, rising well complexity and higher service intensity."

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

Shares of Forum Energy Technologies closed at $21.34 yesterday.

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