CapitalOne Downgrades Forum Energy Technologies (FET) to Neutral

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FBR Capital Upgrades Forum Energy Technologies (FET) to Outperform

February 19, 2013 6:56 AM EST

FBR Capital upgraded Forum Energy Technologies (NYSE: FET) from Market Perform to Outperform with a price target of $35.00 (from $30.00) on a much improved risk/reward profile.

The analyst comments, "We downgraded FET last October based on our belief that a falling rig count would be a... More