What exactly did Cowen do on February 20, 2026?

Cowen maintained a **Buy** rating on TechnipFMC plc (FTI) and raised its price target to **$69** from **$56**. This is recorded as the latest FTI analyst rating update and reflects Cowen’s continued confidence after the Q4 2025 earnings call.

Does the price target change mean an upgrade or downgrade for FTI?

The move was a maintained Buy with a higher price target, so it is not an upgrade or downgrade of the rating. The change is an improved valuation outlook within the same Buy stance, per the FTI analyst rating from Cowen.

How should investors use this FTI analyst rating in portfolio decisions?

Treat the Cowen maintained Buy and higher price target as one data point. Combine the FTI analyst rating with Q4 results, Meyka’s grade, and personal risk tolerance. Avoid relying solely on a single analyst note when sizing positions.

Where can I read the Cowen note and company earnings details?

The Cowen price target update was reported by TheFly on February 20, 2026 [source](https://thefly.com/permalinks/entry.php/id4297684/3161286394/FTI-TechnipFMC-price-target-raised-by--at-TD-Cowen). The Q4 2025 earnings call transcript is on Seeking Alpha [source](https://seekingalpha.com/article/4872

Analyst Ratings

Cowen Maintains Buy on TechnipFMC (FTI) February 2026

ByHuzaifa Zahoor February 21, 2026

The latest FTI analyst rating: Cowen & Co. maintained a Buy on TechnipFMC plc (FTI) on February 20, 2026, and raised its price target to $69 from $56. This move keeps Cowen aligned with a constructive view on engineering and subsea services. The Cowen note is dated the same day as the company’s recent Q4 2025 earnings call. Investors should weigh the maintained Buy with the new price target and broader market signals from the earnings update.