TechnipFMC price target raised to $49 from $48 at Piper Sandler

Piper Sandler raised the firm’s price target on TechnipFMC (FTI) to $49 from $48 and keeps an Overweight rating on the shares. The firm says that once again, management delivered announcing 2026 Subsea margin guidance of 20.5%-22% with the 21.25% midpoint exceeding current 20.7% consensus, helping to send shares higher by 9%, outperforming the OIH at 5%.