Flowserve Corp. (FLS) PT Raised to $84 at Stifel

Stifel analyst Nathan Jones raised the price target on Flowserve Corp. (NYSE: FLS) to $84.00 (from $66.00) while maintaining a Buy rating.

The analyst commented, "We reiterate our Buy rating on FLS shares with a $84 target price. Flowserve reported strong operating results (revenue +4% and EPS +12% vs. our model) while announcing the divestiture of its asbestos liability (positive), accelerated share repurchases ($200 million in 3Q25 + October), strong bookings in excess of $1.2 billion, further progress on 80-20/ simplification initiatives, and highlighted its material opportunity for growth in nuclear. All very positive, in our view. In response to these positives, and we assume an accompanying short squeeze, the shares traded up 31% (vs. XLI up 0.3%). Despite the strong move today shares are currently trading at ~12x 2026E EBITDA and ~18x 2026E EPS, a discount to historical averages and peers, with our forecast of compounding double-digit organic earnings growth and balance sheet flexibility supporting further multiple expansion and strong shareholder returns, in our view."

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