Analyst Saree Boroditsky of Jefferies maintained a Buy rating on Flowserve (FLS – Research Report), with a price target of $65.00.
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Saree Boroditsky’s rating is based on the promising synergies and growth opportunities resulting from the merger between Flowserve and Chart Industries. The combination of these companies is expected to enhance both revenue and cost efficiencies, with management projecting significant earnings growth by 2027.
The merger is strategically timed with Flowserve’s ongoing simplification efforts, allowing the combined entity to leverage scale benefits and capitalize on industry trends such as increased energy demand and infrastructure development. Additionally, the transaction is anticipated to be immediately accretive to earnings, with substantial cost savings and revenue synergies enhancing the company’s financial outlook.