TechnipFMC (FTI) PT Raised to $13 at Cowen

Cowen analyst Marc Bianchi raised the price target on TechnipFMC (NYSE: FTI) to $13.00 (from $12.00) while maintaining an Outperform rating.

The analyst commented, "FTI's order outlook was very positive, in both Subsea and Surface. This could put the company in position to achieve 2025 targets ahead of schedule. The stock has been a laggard, in part due to the Paris de-listing which has now passed. We view the stock as a very attractive way to invest in the current Energy upcycle with an opportunity to participate in Energy Transition."

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