Flowserve (FLS) Misses Q1 EPS by 11c

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Flowserve (FLS) PT Trimmed to $66 at Jefferies, 'Buy' Maintained

May 4, 2015 8:20 AM EDT

Jefferies reiterate a Buy rating on Flowserve Corp. (NYSE: FLS) while decreasing its price target of $66.00 (from $67.00) noting 1Q15 EPS were -21%, worse than expected due to delayed shipments. Capex weakened in O&G as expected, but this affected spending in other... More