TechnipFMC: UBS still believes in stock: targets 30 euros.

(CercleFinance.com) - UBS analysts still believe in the TechnipFMC stock and this morning confirmed their buy rating on oil services group TechnipFMC, along with their 12-month target price of 30 euros.


With the help of the UBS Evidence Lab, analysts have examined the integration of Technip and FMC, with the merger finalised at the start of the year. At best, employees' sentiment regarding the merger is "stable," or even improving, an attitude that it also has regarding the group's business outlook, UBS says in a report. Despite the falling popularity of top management since the merger, the feeling about the group's organisation, is improving. UBS says that this reflects that management has taken unpopular measures, albeit necessary for the group.

What should be expected from the investor day of 28 November? This will focus on technology, TechnipFMC says, and should confirm the interest behind the merger. However, as the group has already provided forecasts for 2018, nothing new should be announced on this front.


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