TechnipFMC : Downward revision to guidance very heavily sanctioned
>Reduce recommendation and target price lowered to € 21.8 vs € 22.9 - The lower-than-forecast reported numbers and downward revision to the 2019 guidance triggered a -10.8% drop in the share price. The group is now actively working on implementing its spin-off which should take effect in H1 2020. Granted the spin-off will create two leaders in their respective markets. But certain SpinCo shareholders might sell their stakes soon (euro-denominated listing only in ...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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