TechnipFMC:MS is 'sharpening pencils'ahead of guidance event
(CercleFinance.com) - Morgan Stanley has reinstated its "overweight" recommendation on the TechnipFMC stock, along with its target price of 39 dollars, seeing "an attractive entry point once the Dec 12/13th guidance event clarifies expectations for 2019".
"With risks becoming asymmetric to the upside," the broker has confirmed its positive stance regarding TechnipFMC and "would prepare to buy the stock on Dec 13th once OPEC & the company outlook are behind us".
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"With risks becoming asymmetric to the upside," the broker has confirmed its positive stance regarding TechnipFMC and "would prepare to buy the stock on Dec 13th once OPEC & the company outlook are behind us".
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.