TechnipFMC price target raised to $43 from $42 at Barclays

Barclays analyst J. David Anderson raised the firm’s price target on TechnipFMC (FTI) to $43 from $42 and keeps an Overweight rating on the shares. The company is “just entering the sweet spot” of the subsea cycle with robust orders, another leg of growth coming into view, backlog conversion accelerating and further margin expansion, the analyst tells investors in a research note. The firm says that with TechnipFMCs earnings growth visibility to at least 2028, it expects the stock’s re-rating story to continue.