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Flowserve raised at Seaport Global Securities

Jan. 23, 2017 10:02 AM ETFlowserve Corporation (FLS) StockFLSBy: Yoel Minkoff, SA News Editor
  • Seaport Global upgrades Flowserve (FLS +0.5%) from Neutral to Buy with a price target of $60 (from $48), as short-cycle capex in heavy industries shows definitive signs of bottoming and optimism for growth in 2017.
  • "Furthermore, the benefits from realignment initiatives that have lagged peers are poised to inflect in 2017 and at a time when they should begin to help lever FLS's QRC footprint," the firm said in a statement.

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