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.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLS:
- Flowserve price target raised to $80 from $75 at TD Cowen
- Flowserve price target raised to $82 from $65 at UBS
- Pacific Avenue affiliate completes acquisition of FLSmidth Cement
- Flowserve price target raised to $71 from $64 at Goldman Sachs
- Flowserve price target raised to $76 from $66 at RBC Capital