TechnipFMC price target raised to $20 from $17 at Cowen

Cowen analyst Marc Bianchi raised the firm’s price target on TechnipFMC to $20 from $17 and keeps an Outperform rating on the shares. The analyst said we think orders and profitability can have upside and the 1Q guide was about as we expected owing to typical seasonality. We continue to view TechnipFMC as one of the most attractive OFS stocks.