Jefferies Downgrades TechnipFMC to Hold, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Mark Wilson has downgraded TechnipFMC (NYSE:FTI) from Buy to Hold, while raising the price target from $18 to $22.
October 13, 2023 | 8:34 am
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NEUTRAL IMPACT
TechnipFMC has been downgraded from Buy to Hold by Jefferies, but the price target has been raised from $18 to $22.
The downgrade from Buy to Hold suggests that Jefferies sees limited upside potential for TechnipFMC in the short term. However, the raised price target indicates that they still see some value in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100