Jefferies raised the firm’s price target on Flowserve (FLS) to $85 from $80 and keeps a Buy rating on the shares, while removing it from the firm’s Franchise Pick List. The firm’s 2026 Multi-Industrials sector positioning is anchored on the three themes of exposure to power and data centers; margin expansion through internal productivity; and a cyclical recovery after two years of subdued volumes, the analyst tells investors.
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