Goldman Sachs Downgrades Flowserve Corp. (FLS) to Sell

December 8, 2017 3:02 AM EST
Get Alerts FLS Hot Sheet
Price: $40.85 -1.14%

Rating Summary:
    9 Buy, 17 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 11 | New: 51
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Goldman Sachs downgraded Flowserve Corp. (NYSE: FLS) from Neutral to Sell with a price target of $37.00.

Analyst Joe Ritchie cites weaker mid-cycle expectations for the downgrade and believes a recovery in teh business will take longer than the market is currently expecting.

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 $42.65 yesterday.

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