Flowco price target lowered to $28 from $32 at Jefferies

Jefferies lowered the firm’s price target on Flowco (FLOC) to $28 from $32 and keeps a Buy rating on the shares. Given macro uncertainty, a subdued oil price outlook an increasing expectations of a largely flat production environment in 2026, Jefferies believes the revisions to 2H25/2026 expectations were largely anticipated by markets, the analyst tells investors in a research note. The firm added that expansion of the rental fleet inorganically aligns with the company strategy of growing the rental business mix.