Susquehanna raised the firm’s price target on TechnipFMC to $27 from $25 and keeps a Positive rating on the shares. The firm updated its model following 4Q23 results as the company showed another quarter of strong execution, a trend they expect to continue.
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Read More on FTI:
- TechnipFMC sees FY24 CapEx ~$275M; free cash flow $350M-$500M
- TechnipFMC reports total company backlog of $13.2B, up 41% y/y
- TechnipFMC sees FY24 subsea revenue $7.2B-$7.6B
- TechnipFMC reports Q4 adjusted EPS 14c, consensus 12c
- FTI Earnings this Week: How Will it Perform?
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