HSBC Upgrades TechnipFMC to Buy, Announces $32 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Abhishek Kumar has upgraded TechnipFMC (NYSE:FTI) from Hold to Buy, setting a price target of $32.
October 29, 2024 | 4:53 pm
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HSBC has upgraded TechnipFMC from Hold to Buy, with a new price target of $32, indicating a positive outlook for the stock.
The upgrade from Hold to Buy by HSBC, along with a specific price target of $32, suggests increased confidence in TechnipFMC's future performance. Such analyst upgrades typically lead to positive short-term stock price movements as they influence investor sentiment.
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