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.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTI:
- TechnipFMC price target raised to $41 from $39 at Susquehanna
- TechnipFMC price target raised to $40 from $39 at Piper Sandler
- TechnipFMC: Strong Performance and Financial Stability Drive Buy Rating
- TechnipFMC Reports Strong Q4 2024 Financial Results
- TechnipFMC Earnings Call: Strong Growth and Positive Outlook