Jefferies raised the firm’s price target on TechnipFMC (FTI) to $50 from $47 and keeps a Buy rating on the shares. The firm updated the company’s model to reflect the “strong” Q3 results and increased increased shareholder returns TechnipFMC will convert around 70% of just over $1.8B EBITDA to free cash flow, the analyst tells investors in a research note.
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