FMC Corporation shares rise 2.18% intraday after TechnipFMC's strong Subsea orders and RBC's price target increase.

FMC Corporation rose 2.18% during intraday trading. The company's recent news highlights a strong performance in the Subsea sector, with inbound orders reaching $2.8 billion and a book-to-bill ratio of 1.2x. The Subsea Services inbound orders were among the highest ever achieved, and the total company backlog increased sequentially to $16.6 billion. Additionally, TechnipFMC's price target was raised to $40 from $37 by RBC, maintaining an Outperform rating.