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

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

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

FMC Technologies (FTI) Misses Q2 EPS by 8c

July 20, 2016 4:20 PM EDT

FMC Technologies (NYSE: FTI) reported Q2 EPS of $0.22, $0.08 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.26 billion.

For earnings history and earnings-related data on FMC Technologies (FTI) click here.

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