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via seekingalpha.comBusiness & Companies

TechnipFMC: UBS initiates Buy rating with €89 target on offshore cycle

FROM THE WIRE · SEEKINGALPHA.COM

[Jackup Offshore Oil Rig] shaunl/E+ via Getty Images TechnipFMC (FTI [https://seekingalpha.com/symbol/FTI]) rose 1.1% in Tuesday's trading as UBS initiated coverage of the top provider of integrated subsea production systems and services with a Buy rating and an $89 price…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishUBS Buy rating reflects confidence in multiyear offshore growth cycle and Subsea 2.0 backlog conversion to revenue.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01UBS initiated TechnipFMC coverage with Buy rating and €89 price target.
  2. 02Subsea orders forecast to exceed $11B for FY 2027.
  3. 03FY 2028 EBITDA forecast of $2.77B, 5% above Wall Street consensus.
  4. 04Long-term opportunity for iEPCI 2.0 to extend industrialization strategy.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
TechnipFMC plcFTIStock70.72 USDMarket closedtoday +1.39%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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