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Kepler Capital Sticks to Their Buy Rating for TechnipFMC (FTI)

In a report issued on August 2, Bertrand Hodee from Kepler Capital maintained a Buy rating on TechnipFMC (FTIResearch Report), with a price target of $10.70. The company’s shares closed last Wednesday at $8.20.

According to TipRanks.com, Hodee is ranked #233 out of 7991 analysts.

Currently, the analyst consensus on TechnipFMC is a Strong Buy with an average price target of $11.91, representing a 42.8% upside. In a report issued on July 29, Cowen & Co. also maintained a Buy rating on the stock with a $15.00 price target.

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The company has a one-year high of $9.00 and a one-year low of $5.48. Currently, TechnipFMC has an average volume of 8.75M.

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TechnipFMC Plc is an energy service company, which engages in the provision of solutions for the production and transformation of hydrocarbons. It operates through the following segments: Subsea, Onshore & Offshore, and Surface Technologies. The Subsea segment engages in designing, engineering, procurement, manufacturing, fabrication and installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation. The Onshore & Offshore segment offers designing and project development services. The Surface Technologies segment designs and manufactures products & systems, and provides services used by oil and gas companies involved in land and offshore exploration and production of crude oil and natural gas. The company was founded on December 9, 2015 and is headquartered in London, the United Kingdom.

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