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Flowserve upgraded at Cowen

Published 04/19/2017, 07:48 AM
Updated 04/19/2017, 07:48 AM
© Reuters.  Flowserve upgraded at Cowen

© Reuters. Flowserve upgraded at Cowen

  • The firm raised Flowserve (NYSE:FLS) to Outperform from Market Perform and increased its price target to $55 from $41, stating margins have troughed and risk/reward appears attractive.
  • It also sees very little chance of FY17 earnings guidance of $1.55-$1.85 falling below the range and believes the high-end is likely.
  • FLS +0.4% premarket
  • Source: TheFly


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