HSBC Upgrades FMC Tech (FTI), Starts National Oilwell Varco (NOV) at Overweight, Core Labs (CLB) at Neutral

Two analysts at HSBC made changes to the firm's coverage universe Wednesday:

• upgraded FMC Technologies (NYSE: FTI) from Underweight to Neutral, $46 price target maintained
  
• initiated coverage on National Oilwell Varco (NYSE: NOV) with an Overweight rating and a $97 price target
  
• initiated coverage on Core Labs (NYSE: CLB) with a Neutral rating and a $140 price target

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