TechnipFMC : In its element
>Outperform recommendation, target price revised up to $ 33 - After the publication and the conference call, we are revising up our target price to $ 33 (vs. $ 31 previously), still based on a 12-month P/E of 20x. Despite a solid performance of nearly 40% YtD (and the fact that the share it at its highest level since the merger between Technip and FMC), we believe there is further upside potential (the company has returned to pre-COVID levels in terms of 12-month P/E...TechnipFMC is global leader in oil and gas projects, technologies, systems, and services. Co. offers subsea, surface, onshore, and offshore solutions for oil and gas projects. Co. serves customers worldwide. With Co.'s technologies and production systems, integrated expertise, and comprehensive solutions, Co. is transforming Co.'s clients' project economics. Co. is uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, Co.'s offering unlocks new possibilities for Co.'s clients in developing their oil and gas resources.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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