TechnipFMC price target raised to $67 from $52 at BMO Capital

BMO Capital analyst Phillip Jungwirth raised the firm’s price target on TechnipFMC (FTI) to $67 from $52 and keeps a Market Perform rating on the shares. The firm is positive on the company’s revised 2026 Subsea outlook, detailed guidance for Surface/Corporate items, and expectation for subsea order growth in 2027, the analyst tells investors in a research note. The management also emphasized the duration of subsea investment strength and FTI’s differentiated capabilities, while commenting that SURF opportunities are as substantial as opportunities experiencing from Subsea 2.0 architecture.