TechnipFMC price target raised to $22 from $17 at JPMorgan

JPMorgan raised the firm’s price target on TechnipFMC to $22 from $17 and keeps an Overweight rating on the shares after meeting with management. The meetings provided further confirmation of an unfolding global offshore spending cycle, which plays to the company’s strength as the industry leader in subsea, the analyst tells investors in a research note.