Flowserve Corp. (FLS) PT Raised to $77 at Stifel

Stifel analyst Nathan Jones raised the price target on Flowserve Corp. (NYSE: FLS) to $77.00 (from $75.00) while maintaining a Buy rating.

The analyst commented, "We maintain our Buy rating on FLS shares with a $77 target price. 4Q24 results were below consensus and below the midpoint of guidance. The revenue miss was mostly FX and the EPS miss was a number of small below-theline items, interest expense, other expense (related to FX), tax, and minority interest, that collectively accounted for the ~$0.05. At the operating income line earnings were actually a penny better than our model. 2025 guidance may be a shade light on revenue and effectively in-line on EPS. The investment thesis around good solid organic growth and significant margin expansion coupled with real cash generation is still in its infancy and nothing today changed our positive view of the shares."

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