Dougherty & Co Trims PT on Flow International (FLOW), Reiterates Buy

Dougherty & Co today maintained a Buy rating on Flow International Corp. (NASDAQ: FLOW) but lowered its price target to $5.00 (from $5.50). The price target cut reflects impact of "sequestration related pause” in Q4. Despite this, analysts continue to have a favorable view of the stock.

"We continue to believe FLOW is well positioned for a macro recovery. We believe its new products, broad product offering, geographic and end‐market diversity, strong distribution channel, and focus on gross margin and operating margin improvement will lead it to double digit top line and 20%+ EPS growth in the coming years," said analyst Joe Maxa.

For an analyst ratings summary and ratings history on Flow International Corp. (NASDAQ: FLOW) click here. For more ratings news on Flow International Corp. click here.

Shares of Flow International Corp. closed at $3.74 yesterday.

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