TechnipFMC price target raised to $34 from $33 at Barclays

Barclays raised the firm’s price target on TechnipFMC to $34 from $33 and keeps an Overweight rating on the shares. The company posted another “beat and raise” quarter with subsea now trending toward the upper end of its fiscal 2024 guidance range, implying 16%-16.5% margins, the analyst tells investors in a research note.