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TechnipFMC price target raised to $40 from $37 at RBC Capital

RBC Capital raised the firm’s price target on TechnipFMC (FTI) to $40 from $37 and keeps an Outperform rating on the shares. TechnipFMC’s Q2 results beat consensus expectations and the company retained its more than $10B Subsea order intake target despite market challenges, the analyst tells investors in a research note.

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