BofA analyst Andrew Obin downgraded Flowserve (FLS) to Neutral from Buy with a price target of $73, up from $60. Following a recent re-rating, the firm believes near-term nuclear upside is priced into shares, the analyst tells investors. In addition, the firm thinks weakness in Flowserve’s core end markets of oil & gas and chemicals likely extends into 2026, the analyst added.
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