Login to save this article and read it later.
(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’.
Copyright (c) 2021 Cercle Finance. The information and analysis disseminated by Cercle Finance is provided solely as a decision-making tool for investors. The responsibility of Cercle Finance can not be held directly or indirectly as a result of the use of information and analysis by readers. It is recommended to any uninformed person to consult a professional adviser before any investment. This indicative information does not constitute in any way an incitement to sell or a solicitation to buy.