Piper Sandler Maintains Overweight Rating for TechnipFMC: Here's What You Need To Know

Piper Sandler has decided to maintain its Overweight rating of TechnipFMC FTI and lower its price target from $19.00 to $18.00.

Shares of TechnipFMC are trading down 1.42% over the last 24 hours, at $13.49 per share.

A move to $18.00 would account for a 33.38% increase from the current share price.

About TechnipFMC

TechnipFMC is the largest provider of integrated deep-water offshore oil and gas development solutions, offering the full spectrum of subsea equipment and subsea engineering and construction services. The company also provides various surface equipment used with onshore oil and gas wells. TechnipFMC originated with the 2017 merger of predecessor companies Technip and FMC Technologies.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.