TechnipFMC : More pronounced slowdown at TechnipFMC than Technip Energies
>Reduce rating, target price adjusted to € 6.8 - Following the publication (for further details see our flash of 22/04/2020) and the conference call, we revise our earnings sequence. All told, we revised down our 2020-2022 EBITDA sequence by 13%. Our target price now works out at € 6.8 and is still based on a SOP (post spin-off) (€ 4.5 for TechnipFMC and € 2.3 for Technip Energies). The risk-reward profile is still not attractive despite the recent correction, w...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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