TechnipFMC : Stronger for longer
>Outperform recommendation - We maintain our Outperform recommendation (target price: € 10.7) and leave our earnings expectations unchanged following the Q1 2021 publication and the conference call. TechnipFMC should benefit from sustained order intake momentum in Subsea, in addition it will be able to continue its divestment from Technip Energies (currently 31%- owned). It is one of the key players in the acceleration of the subsea market, in Brazil notably. 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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