TechnipFMC : The slowdown in the US is curbing overall momentum
>Cautious opinion maintained, target price lifted to € 22.8 (vs € 22.5) - Despite the correction of the last few weeks and a performance of -2.8% since the start of the week, we remain cautious on the stock. We have adjusted our earnings sequence to factor in updated guidance by the group. The integration of the teams (Technip + FMC) can be a critical phase just ahead of an exit from the crisis in the subsea segment. Our target price remains based on a sum-of-the-part...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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