Kepler Cheuvreux Downgrades TechnipFMC to Hold, Raises Price Target to $19.5
Portfolio Pulse from Benzinga Newsdesk
Kepler Cheuvreux analyst Bertrand Hodee has downgraded TechnipFMC (NYSE:FTI) from Buy to Hold, while raising the price target from $19 to $19.5.
August 04, 2023 | 9:47 am
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TechnipFMC has been downgraded from Buy to Hold by Kepler Cheuvreux, but the price target has been raised from $19 to $19.5.
The downgrade from Buy to Hold suggests that Kepler Cheuvreux sees limited upside potential for TechnipFMC in the short term. However, the raised price target indicates that they still see some potential for price appreciation. This mixed signal could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100