Technip Energies Shares Drop 2.23% to €36.02 Despite Raised Target by Morgan Stanley

Morgan Stanley Raises Target but Maintains Market-Weight Rating

Morgan Stanley has increased its price target on Technip Energies from €32.60 to €36.50, while maintaining its market-weight rating. The new target offers a limited upside potential of 1.3% compared to the current price. This adjustment follows a series of mixed reviews in early May: Goldman Sachs downgraded its recommendation while RBC raised its target. The stock has not recovered since the 8.43% drop on April 30, the day of the first quarter results announcement. The company has lost nearly 11% over the past week and remains under pressure despite a still positive performance of 16.04% over the past year. The next major financial event is the publication of the semi-annual results, scheduled for July 30, 2026.

Oil Retreat and Deteriorated Technical Setup

Today's movement coincides with a 1.84% drop in Brent during the session, and more than 10% over the last five sessions. Technip Energies, exposed to the oilfield services sector, is trading near its support level at €34.10. The stock has fallen below its three moving averages: the MM20 at €39.50 (a gap of -8.81%), the MM50 at €36.76, and the MM200 at €36.31. The RSI at 41 indicates a gradual weakening of the stock, which is also trading below the lower Bollinger band, a potential oversold signal. The publication of the semi-annual results on July 30 will be the next key event on the agenda for the stock.