Wedbush Starts Flowserve Corp. (FLS) at Outperform; Effectively Navigating the Cycles
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Price: $46.73 -0.74%
Rating Summary:
14 Buy, 13 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
14 Buy, 13 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Wedbush initiates coverage on Flowserve Corp. (NYSE: FLS) with an Outperform. PT $120.00.
Wedbush analyst said, "We believe long-term drivers, along with productivity initiatives and the build-out of its high margin after-market platform, are creating a more steady growth profile for Flowserve. As a result, investors should expect approximately 12.5% CAGR EPS growth over the next three years."
"Market perception may not be reality. While market perception may not change overnight, given ongoing global financial uncertainty, we would expect the company’s steady operating performance to reduce volatility over time."
For an analyst ratings summary and ratings history on Flowserve Corp. click here. For more ratings news on Flowserve Corp. click here.
Shares of Flowserve Corp. closed at $97.96 yesterday.
Wedbush analyst said, "We believe long-term drivers, along with productivity initiatives and the build-out of its high margin after-market platform, are creating a more steady growth profile for Flowserve. As a result, investors should expect approximately 12.5% CAGR EPS growth over the next three years."
"Market perception may not be reality. While market perception may not change overnight, given ongoing global financial uncertainty, we would expect the company’s steady operating performance to reduce volatility over time."
For an analyst ratings summary and ratings history on Flowserve Corp. click here. For more ratings news on Flowserve Corp. click here.
Shares of Flowserve Corp. closed at $97.96 yesterday.
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