TD Cowen raised the firm’s price target on TechnipFMC to $28 from $26 and keeps an Outperform rating on the shares. The firm said continued strength in subsea orders demonstrate the company’s leadership position in offshore markets as well as a solid macro backdrop which appears to support improving business conditions beyond 2025.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
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?
Questions or Comments about the article? Write to editor@tipranks.com