TechnipFMC: Jefferies says buy, targeting 28 euros
(CercleFinance.com) - This morning broker Jefferies confirms its buy rating advice on the share of oil services group TechnipFMC, while raising its target price from 26 euros to 28 euros - and from 29 dollars to 33 dollars, for the stock listed in New York .
Analysts welcome the record order bookings announced by the group when it unveiled its H1 accounts, as well as increased forecasts for its two main divisions.
"The continued (and improving) success of TechnipFMC's "iEPC" Subsea & "targeted" LNG strategies allows us now to include in today's note upside scenario analysis of awards required for revenue growth to >$18bn by 2021," the broker states in its report.
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