TechnipFMC price target raised to $20 from $14 at Barclays

Barclays analyst J. David Anderson raised the firm’s price target on TechnipFMC to $20 from $14 and keeps an Overweight rating on the shares. With three years of subsea order visibility, a 2025 margin outlook well above expectations and backlog "quickly re-pricing," TechnipFMC "elevated the offshore theme to a whole new level," the analyst tells investors in a research note.