FMC Technologies (FTI) Misses Q2 EPS by 8c

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Go back to FMC Technologies (FTI) Misses Q2 EPS by 8c

Jefferies Cuts Price Target on FMC Technologies (FTI) to $27 Following 2Q

July 22, 2016 8:26 AM EDT

Jefferies maintained a Hold rating on FMC Technologies (NYSE: FTI), and cut the price target to $27.00 (from $29.00), following the company's 2Q earnings report. Jefferies decided to cut 2016 EPS estimates to $0.80, from $1.00, driven by weaker Surface margins.

Analyst Brad Handler commented,... More

Simmons Raises Price Target on FMC Technologies (FTI) Following 2Q Review

July 22, 2016 7:50 AM EDT

Simmons reiterated an Overweight rating on FMC Technologies (NYSE: FTI), and raised the price target to $29.00 (from $27.00), following a 2Q earnings review. 2016 revenue guidance has been lowered from $3.6B to $3.3-3.4B.

Analyst Bill Herbert commented, "Q2 was characterized by resilient Subsea performance and... More