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Thursday, December 30, 2010

FMC Technologies (NYSE:FTI) Poised for Another $1 Billion Quarter Says Pritchard

Pritchard Capital made a major upward change in the price target of FMC Technologies (NYSE:FTI), based on a solid EPS estimate.

Pritchard said, "We are raising our price target for FTI to $108 based on our 2012 EPS estimate of $4.32...In part, our confidence in that number stems from another $1 billion order quarter in Q4."

Pritchard Capital maintains a "Buy" on FMC Technologies, which closed Wednesday at $88.46, gaining $1.82, or 2.10 percent. They raised their price target on FMC from $80 to $108.

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