JPMorgan raised the firm’s price target on TechnipFMC (FTI) to $43 from $41 and keeps an Overweight rating on the shares as part of a Q3 earnings preview. The firm says that despite macro uncertainty and earnings risk for peers, TechnipFMC continues to highlight favorable trends in subsea. Management is confident in achieving its three-year goal of $30B in subsea inbound orders by year-end, the analyst tells investors in a research note.
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