TechnipFMC PLC
FTI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$27.00 | Mxvpt | Rywydnsyf |
Raising TechnipFMC Fair Value Estimate to $15 Due to Robust Pipeline of Offshore Oil & Gas Projects
We’re raising our fair value estimate for TechnipFMC to $15 from $14 after incorporating its strong third-quarter results, bolstered by our expectation that the long-awaited uptick in offshore oil and gas production will finally materialize over the next several quarters. Our no-moat rating is unchanged.