FMC Technologies (FTI +1%) gains on the back of strength in the oil service sector, and despite...

|About: FMC Technologies, Inc. (FTI)|By:, SA News Editor

FMC Technologies (FTI +1%) gains on the back of strength in the oil service sector, and despite being downgraded to Neutral on valuation earlier at Global Hunter. The firm says fierce competition, especially in subsea markets, is likely to pressure the company's margins over the near term.