FTI
Piper Sandler says: still a fan
Piper Sandler didn’t change the label on TechnipFMC, but it did slap a bigger number on the package. The firm kept its Overweight rating on FTI and bumped its price target to $80 from $70, which is basically Wall Street’s way of saying, “We’re not starting over here — we just think the ceiling is a bit taller now.”
Why investors should care
That kind of move matters because analyst targets can shape sentiment even when they don’t change the business itself. If you own the stock, this gives the bulls a fresh talking point. If you’re shopping for an entry point, though, note that the stock’s current price is already well above GF Value in the source material — so this is more of a confidence boost than a giant flashing neon “cheap” sign.
The stock is already carrying some baggage
The article also flags $75.8 million in insider selling over the last three months. That doesn’t automatically mean insiders are running for the exits, but it does add a little subplot to the story: analysts are raising targets while insiders are trimming exposure. Markets love a tidy narrative, and this one is a bit messier than that.
Big picture
For now, the takeaway is simple: Piper Sandler is still in FTI’s corner and sees more upside from here. Whether the stock keeps climbing is another story — but this is the kind of analyst call that can keep the tape interesting for anyone watching offshore energy names.