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Stock Market & Financial Investment News

News Breaks
January 15, 2013
07:22 EDTDRC, RDC, LUFK, FTI, FET, WFTOilfield Services & Equipment mergers likely to rebound, says Citigroup
Citigroup expects to see a pick-up in the number of Oilfield Services & Equipment mergers and acquisition deals in 2013. The firm sees the most likely takeover candidates as equipment manufacturing and deepwater focused stocks, namely Dresser-Rand (DRC), Rowan Companies (RDC), Lufkin (LUFK), FMC Technologies (FTI), and Forum Energy (FET). Citi also added Weatherford (WFT) as a prime takeover target for 2013 given the recent underperformance of shares.
News For DRC;RDC;LUFK;FTI;FET;WFT From The Last 14 Days
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April 14, 2014
08:03 EDTFTIFMC Technologies awarded $322M order by BP
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April 7, 2014
10:00 EDTRDCOn The Fly: Analyst Downgrade Summary
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06:09 EDTRDCRowan downgraded to Underweight from Equal Weight at Morgan Stanley
Morgan Stanley downgraded Rowan to Underweight from Equal Weight citing execution and jackup market concerns. Price target lowered to $33 from $42.

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