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Morgan Stanley Reaffirms Their Hold Rating on Flowserve (FLS)

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Morgan Stanley analyst Joshua Pokrzywinski maintained a Hold rating on Flowserve (FLSResearch Report) today and set a price target of $37.00. The company’s shares closed last Wednesday at $30.82, close to its 52-week low of $28.15.

According to TipRanks.com, Pokrzywinski is a 4-star analyst with an average return of 6.0% and a 52.9% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Honeywell International, and Lennox International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Flowserve with a $38.14 average price target, representing a 23.6% upside. In a report issued on May 2, Oppenheimer also maintained a Hold rating on the stock.

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Flowserve’s market cap is currently $4.1B and has a P/E ratio of 32.56.

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Flowserve Corp. engages in the manufacture and provision of aftermarket service for comprehensive flow control systems. It operates through the following segments: Flowserve Pump Division and Flow Control Division. The Flowserve Pump Division segment provides pumps, pre-configured industrial pumps, pump systems, mechanical seals, auxiliary systems and replacement parts and related services. The Flow Control Division segment involves engineered and industrial valves, control valves, actuators and controls and related services. The company was founded in 1790 and is headquartered in Irving, TX.

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