Citi reinstated coverage of Flowserve with a Buy rating and $46 price target. The company is working toward diversifying its end market exposure as well as improving its operational execution that should position it to deliver on its 2027 financial targets, the analyst tells investors in a research note. The firm sees continued margin expansion over the next few years for Flowserve.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on FLS:
- Flowserve announces French regulatory rejection of Velan transaction
- Flowserve price target raised to $48 from $40 at Mizuho
- Flowserve a top idea heading into Investor Day, says TD Cowen
- Flowserve upgraded to Buy at Jefferies on margin expansion potential
- Flowserve upgraded to Buy from Hold at Jefferies