- 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.
Flowserve raised at Seaport Global Securities
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Symbol | Last Price | % Chg |
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FLS | - | - |
Flowserve Corporation |