Technip Energies: Berenberg raises TP
(CercleFinance.com) - Berenberg confirms its "buy" recommendation on Technip Energies shares with a target price raised to E27.
5, after increasing its EPS estimates of 4% for 2024 and 2% for 2025.
Quarterly results solidly exceeded expectations, with strong sequential growth in sales and margins, driven by the ramp-up of major LNG projects and the completion of certain projects, the broker says.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
5, after increasing its EPS estimates of 4% for 2024 and 2% for 2025.
Quarterly results solidly exceeded expectations, with strong sequential growth in sales and margins, driven by the ramp-up of major LNG projects and the completion of certain projects, the broker says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.