TechnipFMC: penalized by a broker’s downgrade

TechnipFMC: penalized by a broker's downgrade

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(CercleFinance.com) – TechnipFMC is stagnating and thus underperforming the trend in Paris, hampered by a decline in Berenberg’s advice to « keep » despite a price target raised to 10.5 euros or 12.5 dollars, after the investor day for the Technip Energies spin-off segment.

The broker points to the strong performance of the share price over the last three months and that the subsea activity, which will remain after the spin-off of Technip Energies, ‘continues to face a difficult market context, with offshore investments under pressure’.

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TechnipFMC: penalized by a broker’s downgrade
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