Technip Energies upgraded to Overweight from Underweight at Barclays

Barclays analyst Mick Pickup double upgraded Technip Energies (THNPF) to Overweight from Underweight with a price target of EUR 54, up from EUR 40.50. The firm adjusted ratings in the European energy services space, saying the full impacts of the Middle East crisis yet to filter to the consumer. Barclays sees the longer-term implications for the sector outweighing current uncertainties and lifted its price targets across the group.