January 20, 2026 05:14 PM GMT Energy Services | Europe Outlook 2026: Selectivity Amid a Softer Macro | What's Changed | | | | --- | --- | --- | | SBM Offshore NV (SBMO.AS) | From | To | | Price Target | €30.00 | €32.50 | | Technip Energies NV (TE.PA) | | | | Price Target | €35.00 | €32.20 | As energy producers tighten belts ahead of a period of soft macro, we see some pockets of resilience within our coverage, such as offshore and Middle East. SBM Offshore is our Top Pick, and we continue to avoid LNG-expos ...