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Fly News Breaks for January 29, 2018
FTI
Jan 29, 2018 | 06:42 EDT
As previously reported, Societe Generale downgraded TechnipFMC (FTI) to Hold from Buy. Analyst Guillaume Delaby said shares have recently outperformed and views preliminary 2018 Subsea guidance as too optimistic given mixed news provided by Baker Hughes (BHGE) on its Q4 call, disappointing Q4 order intake, and concerns for flexible pipes.
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