Barclays raised the firm’s price target on TechnipFMC (FTI) to $51 from $45 and keeps an Overweight rating on the shares. The company reported “another beat and raise” quarter, with better visibility on orders and margin expansion driving a re-rating of the shares, 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: