Report
Baptiste Lebacq

TechnipFMC : La prudence reste de mise

>Opinion Alléger maintenue (OC 6 € vs 6.8 €) - A l’issue de la conférence call du T3 2020 (pour les résultats en eux-mêmes cf notre First take : « un phasing pénalisant pour Technip Energies »), nous maintenons notre recommandation Alléger sur le titre compte tenu d’un risk reward qui n’est toujours pas attractif malgré la correction depuis le 1/01/2020 (-68% YtD). Nous avons ajusté à la baisse notre séquence de résultats post 2020 afin d’intégrer une reprise pl...
Underlying
TechnipFMC Plc

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Baptiste Lebacq

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