TechnipFMC price target raised to $23 from $21 at BofA

BofA analyst Saurabh Pant raised the firm’s price target on TechnipFMC to $23 from $21 and keeps a Buy rating on the shares. Despite an improving rate of change in North America, the firm sees international names being structurally better placed to benefit from a durable spending growth cycle, the analyst tells investors in an Oilfield Services group note in which the firm makes several price target changes.