RBC Capital analyst Deane Dray raised the firm’s price target on Flowserve (FLS) to $53 from $49 and keeps an Outperform rating on the shares. The firm notes Flowserve reported a robust 17c/24% operating beat vs. its estimates and reaffirmed guidance with tariffs. RBC continues to like Flowserve as a risk-on story with 80/20-self-help, 38% oil & gas, and leverage to secular drivers like decarbonization, energy transition and power/energy/nuclear.
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