Barclays raised the firm’s price target on TechnipFMC to $33 from $32 and keeps an Overweight rating on the shares. Amid a challenging energy tape, TechnipFMC posted a solid 11% Q4 EBITDA beat and introduced fiscal 2024 EBITDA guidance 2% above consensus, the analyst tells investors in a research note.
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Read More on FTI:
- TechnipFMC downgraded to Hold at HSBC with near-term earnings priced in
- TechnipFMC price target raised to $28 from $26 at TD Cowen
- TechnipFMC price target raised to $27 from $25 at Susquehanna
- TechnipFMC downgraded to Hold from Buy at HSBC
- TechnipFMC sees FY24 CapEx ~$275M; free cash flow $350M-$500M
