TechnipFMC: Jefferies maintains 'buy' rating

(CercleFinance.com) - This morning broker Jefferies has confirmed its buy rating on the TechnipFMC share, after the group announced several contracts, including one of over one billion dollars.

The broker's target price of 26 euros suggests upside potential of over 20%.

Admittedly, Jefferies recognises that the announcement of these contracts with Anadarko was expected, although they are important for the group. Analysts note that announcements of a "major contract," which at TechnipFMC means one of over one billion dollars, have been pretty rare in recent years. As such, this is an encouraging sign for the group's "Subsea" segment.



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