Flowserve, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Andrew Obin from Bank of America Securities reiterated a Hold rating on the stock and has a $85.00 price target.
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Andrew Obin has given his Hold rating due to a combination of factors that balance near-term weaknesses against longer-term opportunities. Flowserve’s first-quarter revenue and underlying orders fell short of his expectations, even after stripping out Middle East disruptions, and management’s cut to 2026 organic sales guidance signals softer core demand and execution than previously anticipated.
At the same time, he acknowledges that the company still benefits from structural tailwinds tied to global energy security and rebuilding in the Middle East, but the timing and magnitude of this upside remain unclear. Reflecting this mixed picture, he trimmed his price objective from $90 to $85, kept his valuation multiple below the peer group due to weaker margins, and modestly reduced near-term EPS forecasts while leaving 2027 estimates intact, leading him to reiterate a Neutral stance rather than upgrade or downgrade the stock.