Flowserve (FLS) Tops Q2 EPS by 1c, Lowers FY EPS Guidance

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Wedbush Cuts Price Target on Flowserve (FLS) to $68 Following 2Q15 Results

August 3, 2015 8:34 AM EDT

Wedbush maintained an Outperform rating on Flowserve Corp. (NYSE: FLS), and cut the price target of $68.00 (from $71.00), following 2Q15 results. Flowserve reported adjusted EPS of $0.80 per share versus consensus estimates of $0.77. Revenues were $1.162 billion, approximately $28 million above the consensus estimate.

Analyst David Rose... More