Piper Sandler raised the firm’s price target on TechnipFMC (FTI) to $48 from $44 and keeps an Overweight rating on the shares. Revisiting its TechnipFMC investment thesis, the firm’s confidence continues to grow in the story led by its relentless pursuit to reduce offshore development cycle times, thereby improving its customers’ project returns. Higher customer returns results in TechnipFMC capturing a greater portion of the economic value it creates, Piper adds.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTI:
- TechnipFMC upgraded to Outperform from Neutral at BNP Paribas Exane
- Jefferies European energy analyst holds an analyst/industry conference call
- TechnipFMC price target raised to $43 from $41 at JPMorgan
- TechnipFMC awarded substantial subsea contract for Hammerhead Project
- TechnipFMC management to meet with Piper Sandler