TechnipFMC : Play a reduction in the discount via the official announcement of the spin off
>Buy maintained, target price raised to € 11.5 to play the narrowing of the discount - TechnipFMC has just announced the resumption of its spin-off operation which aims to create two separate leaders in their respective markets: TechnipFMC, a fully integrated technology and services group, and Technip Energies, a leader in the engineering and technology sector. With this operation we think that the currently strong discount of close to 50% vs a traditional sum-of-the-...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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