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Morgan Stanley upgrades FMC Technologies (FTI +1.5%), Oceaneering (OII +3.4%) and Helix...

Morgan Stanley upgrades FMC Technologies (FTI +1.5%), Oceaneering (OII +3.4%) and Helix Energy (HLX +1.7%) to Overweight from Equal Weight at Morgan Stanley (I, II, III), citing a pickup in the backlog for floating rigs, a leading indicator for subsea equipment demand which has risen to a record three years per rig, while at least 30% of the known floating fleet is contracted through 2020.
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