Benchmark raised the firm’s price target on TechnipFMC to $30 from $25 and keeps a Buy rating on the shares. The stock broke out to a new multiyear high, is trading below its through cycle multiple, recently surpassed the $10B market cap threshold and sports a respectable dividend yield, the analyst tells investors in a research note.
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Read More on FTI:
- TechnipFMC price target raised to $30 from $29 at Piper Sandler
- TechnipFMC price target raised to $33 from $32 at Barclays
- TechnipFMC downgraded to Hold at HSBC with near-term earnings priced in
- TechnipFMC price target raised to $28 from $26 at TD Cowen
- TechnipFMC price target raised to $27 from $25 at Susquehanna
