TechnipFMC (FTI) PT Raised at RBC Capital on 'Accelerated Margin Growth'

RBC Capital analyst Victoria McCulloch raised the price target on TechnipFMC (NYSE: FTI) to $47.00 (from $40.00) while maintaining an Outperform rating.

The analyst commented: "Increasing PT to $47 on accelerated margin growth and buyback; TechnipFMC's strong 3Q orders and guidance for FY26 Subsea margins exceeded consensus expectations. In addition, the company has approved a further $2bn buyback, which we expect to be actioned over the next 12-18 months. We reiterate our Outperform recommendation, while higher margins and buyback boost our Price Target to $47 from $40."

You May Also Be Interested In

• RBC Capital Downgrades Temple & Webster Group Ltd (TPW:AU) to Sector Perform
• Morgan Stanley Upgrades HDB Financial Services (HDBFS:IN) to Overweight
• UBS Upgrades SLC Agricola SA (SLCE3:BZ) (SLCJY) to Neutral