FMC Technologies (FTI) Tops Q1 EPS by 4c

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Jefferies Downgrades Oceaneering Intl (OII) to Underperform

April 21, 2015 6:50 AM EDT

Jefferies downgraded Oceaneering Intl (NYSE: OII) from Hold to Underperform with a price target of $49.00 (from $52.00).

Analyst Jason Gammel commented, "As a direct effect of even less sanctioning than we envisaged previously, we have lowered the order outlooks across our subsea hardware coverage,... More