TechnipFMC : Slowdown in the US acting as a drag on the group’s overall momentum
>Reduce recommendation maintained, target price adjusted to € 20.8 - We maintain our Reduce recommendation on the stock and have raised our EPS forecasts to incorporate the recent order intake. Our revised target price is € 20.8 (subsea € 10.1/One Offsh € 9.2/ Surf Techno € 3.6 / Expenses Corpo -€ 2.7 / Net adjusted cash € 0.6). Our preference in the sector continues to go to those engineering groups with the greatest exposure to the offshore business in order to pla...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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