Joseph C Giordano, an analyst from TD Cowen, maintained the Buy rating on Flowserve. The associated price target remains the same with $75.00.
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Joseph C Giordano has given his Buy rating due to a combination of factors including Flowserve’s return to a more straightforward narrative following the GTLS termination. This shift allows the company to focus on internal margin improvements, supported by a solid order book and a high backlog.
Additionally, there is an emerging theme around nuclear and power sectors, which could further bolster Flowserve’s prospects. It is crucial for the company to demonstrate that the current challenges related to tariffs are temporary and that order levels can stabilize at approximately $5 billion. The internal momentum within the company remains strong, reinforcing the positive outlook.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $62.00 price target.