RBC initiated its coverage of Technip Energies on Tuesday evening, with a 'sector performance' rating and a price target of 24 euros.

In a research note, the Canadian broker believes that the engineering group is ideally positioned to benefit from growth in sectors linked to LNG and the energy transition.

It also considers the company to be well financed and, above all, well-placed to take significant market share in carbon capture, utilization and storage.

While optimistic about Technip Energies' business, the broker believes that all these encouraging elements are currently well integrated into its share price.

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