Report
Baptiste Lebacq

TechnipFMC : Technip Energies: Birth of a green giant…heavily discounted!

>Outperform, target price adjusted to € 10.7 for TechnipFMC (post spin-off) - We maintain our outperformance opinion on the stock despite an absolute YtD performance of +17%. We thought that this spin-off operation would enable us to play a rerating of the stock, part of the journey has already been completed, however we believe that there is still significant upside. We are adjusting our target price on TechnipFMC in order to integrate the (purely mechanical) ef...
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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