JPMorgan raised the firm’s price target on TechnipFMC (FTI) to $43 from $41 and keeps an Overweight rating on the shares as part of a Q3 earnings preview. The firm says that despite macro uncertainty and earnings risk for peers, TechnipFMC continues to highlight favorable trends in subsea. Management is confident in achieving its three-year goal of $30B in subsea inbound orders by year-end, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTI:
- TechnipFMC awarded substantial subsea contract for Hammerhead Project
- TechnipFMC management to meet with Piper Sandler
- TechnipFMC awarded significant subsea production systems contract by Petrobras
- Unusually active option classes on open September 18th
- Ecovyst to sell advanced materials, catalysts segment to TechnipFMC for $556M