2021-03-01 18:48:31 FTI TechnipFMC
03/01/21 03/0118:48 03/01/2118:48 | TechnipFMC initiated with a Neutral at Exane BNP ParibasExane BNP Paribas analyst Nick Konstantakis initiated coverage of TechnipFMC with a Neutral rating and EUR 7 price target. The analyst notes the company's "milestone" of completing the spinoff of Technip Energies, with attention now turning to its 2021 guidance "surprising positively" on its Subsea margin. Konstantakis adds however that 2021 will be the year that TechnipFMC will need to demonstrate that it can thrive as a stand-alone entity, with the company's free cash flows having lagged its peer group. | |
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