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Fly News Breaks for September 22, 2016
FTI
Sep 22, 2016 | 09:19 EDT
Seaport Global analyst Mark Brown downgraded FMC Technologies to Neutral from Accumulate, stating that upstream customers have "little appetite" for deepwater development spending. The analyst lowered his order and earnings forecasts and cut his price target on FMC shares to $28 from $29.
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