Mizuho raised the firm’s price target on Flowserve to $50 from $48 and keeps a Buy rating on the shares. The company reported another solid quarter, building momentum into 2024, the analyst tells investors in a research note. The firm says Flowserve’s elevated backlogs add confidence to 2024 numbers.
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Read More on FLS:
- Flowserve Corp Announces Q4 2023 Performance Overview
- Flowserve raises quarterly dividend 5%, replenishes buyback to $300M
- Flowserve sees FY24 adjusted EPS $2.40-$2.60, consensus $2.53
- Flowserve reports Q4 adjusted EPS 68c, consensus 60c
- Flowserve Announces Executive Change, Elizabeth Burger Resigns
