TechnipFMC price target raised to $47 from $40 at RBC Capital

RBC Capital raised the firm’s price target on TechnipFMC (FTI) to $47 from $40 and keeps an Outperform rating on the shares. The company’s strong Q3 orders and guidance for FY26 Subsea margins exceeded consensus expectations, while the management also approved a further $2B buyback, which RBC expects to be actioned over the next 12-18 months, the analyst tells investors in a research note.