TechnipFMC in focus Monday after MSCI review
TechnipFMC ended Friday at $68.42, up 1.1% on nearly ten times average volume after joining the MSCI World Index, but closed the holiday-shortened week down 3.62%. First-quarter revenue rose 11.6% to $2.49 billion, net income hit $260.5 million, and subsea backlog reached $16.47 billion. Analyst price targets range from $45 to $90. Risks flagged include index flows fading, oil price swings, and project delays.