Flowco price target lowered to $32 from $35 at Jefferies

Jefferies analyst Lloyd Byrne lowered the firm’s price target on Flowco (FLOC) to $32 from $35 and keeps a Buy rating on the shares after its Q1 earnings miss. Given the market’s uncertainty around NAM activity, the revisions to growth were largely expected, and while the stock fell 12% following results, the company’s strategic positioning remains positive, with rental business supporting margin expansion, the analyst tells investors in a research note.