UPDATE: Societe Generale Upgrades FMC Technologies on Overblown Fears
August 23, 2013 at 10:06 AM EDT
In a report published Friday, Societe Generale analyst Edward Muztafago upgraded the rating on FMC Technologies (NYSE: FTI ) from Hold to Buy, and reiterated the $65.00 price target. In the report, Societe Generale noted, “Investors have become concerned that subsea equipment manufacturers could experience margin headwinds from a perceived
