FMC Technologies should be bought on weakness, says RBC Capital After FMC Technologies tumbled after providing guidance that the market viewed as disappointing, RBC Capital thinks the sell-off was an overreaction. The firm reports that excluding one-time items, the company's 2014 EPS guidance would be $2.64-$2.84, versus the consensus estimate of $2.77. RBC keeps a $62 price target and Outperform rating on the shares.
News For FTI From The Last 14 Days
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FMC Technologies downgraded to Market Perform from Outperform at FBR Capital FBR Capital downgraded FMC Technologies to Market Perform citing expectations for a reduction in the volume of subsea well starts. FBR lowered its price target for shares to $58 from $68.