Technip Energies: Berenberg raises price target

(CercleFinance.com) - Berenberg reaffirms its 'buy' recommendation on Technip Energies, with a price target raised to 27.
5 euros, in the wake of an increase in its EPS estimates of 4% for 2024 and 2% for next year.

"Quarterly results solidly exceeded expectations, with strong quarter-on-quarter growth in sales and margins, driven by the ramp-up of major LNG projects and the completion of certain projects", recalls the broker.

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