BTIG analyst Gregory Lewis raised the firm’s price target on TechnipFMC (FTI) to $18 from $15 and keeps a Buy rating on the shares after its Q4 results. The analyst notes that the company’s book-to-bill was above parity for the fourth quarter in a row, as subsea awards in Q4 were headlined by a services agreement with Petrobras (PBR) as well as tiebacks in Norway and Angola.
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Published first on TheFly
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