Analyst Joseph C Giordano from TD Cowen maintained a Buy rating on Flowserve and decreased the price target to $85.00 from $100.00.
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Joseph C Giordano has given his Buy rating due to a combination of factors, including his view that the current Middle East–related disruption is a temporary setback that ultimately should translate into a stronger, multi‑year demand environment for Flowserve. While he acknowledges near‑term execution and communication missteps that have put pressure on the shares, he notes that management is already seeing normalization in key North American maintenance and repair activity, supporting the case that recent softness is transitory.
Giordano also emphasizes that his longer‑term earnings projections through FY27 are only modestly adjusted, reflecting a slight delay in order timing rather than a deterioration in the fundamental outlook. He maintains that the company is well positioned to benefit from an improved order environment in 2027 and 2028, and his revised $85 price target, based on mid‑ to high‑teens forward P/E multiples, still offers enough upside to justify a Buy rating despite the nearer‑term uncertainty and investor caution.
In another report released today, Robert W. Baird also maintained a Buy rating on the stock with a $91.00 price target.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FLS in relation to earlier this year.