TechnipFMC: penalized by a broker’s downgrade

TechnipFMC: penalized by a broker's downgrade

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 or $12.5 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 business, which will remain after the spin-off of Technip Energies, ‘continues to face a difficult market environment, with offshore investments under pressure’.Copyright (c) 2021 CercleFinance.com. All rights reserved.

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 CercleFinance.com. All rights reserved.

TechnipFMC: penalized by a broker’s downgrade
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