Flowserve price target lowered to $83 from $86 at Goldman Sachs

Goldman Sachs analyst Joe Ritchie lowered the firm’s price target on Flowserve (FLS) to $83 from $86 and keeps a Neutral rating on the shares after its Q1 results. The company’s organic growth guide could be at risk as it implies steep acceleration to mid-single digit growth in the second half of the year, the analyst tells investors in a research note.