TechnipFMC (FTI) PT Raised to $40 at Susquehanna

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Go back to TechnipFMC (FTI) PT Raised to $40 at Susquehanna

Analyst flags Q2 strength in oil subsea segment, names top offshore picks

July 1, 2025 6:00 PM EDT

Jefferies said in a note Tuesday that it expects a strong second quarter for key subsea oilfield services firms.

The firm highlighted TechnipFMC (NYSE: FTI), Subsea 7, and Saipem as names to watch.

Despite a relatively slower quarter for overall Subsea/Offshore awards, Jefferies said unannounced contracts are likely to keep TechnipFMC on pace for its $10 billion full-year subsea... More