JPM re-rates Technip Energies to 'overweight'

** J.P. Morgan re-rates Technip Energies TE to "overweight", calling the French group a "best-in-class" operator well-positioned to win new contracts

** JPM says Technip TE leads the market in engineering, procurement and construction (EPC) for liquefied natural gas (LNG)

** The broker says its Project Delivery arm, which handles large-scale EPC projects, has driven growth from major Qatar LNG awards

** It highlights the company's shift from long-cycle projects to its higher-margin Technology, Products & Services (TPS) unit, boosted by R&D investments

** JPM sets a price target of 47 euros ($55.02) for the stock, a nearly 20% increase from Monday's closing price of 39.20 euros

** Technip Energies' shares rise 3.7%, topping France's SBF 120 PX4 index

** If gains hold, Technip's shares will post their largest single-day gain since April 14, 2025

($1 = 0.8542 euros)