Flowserve price target raised to $54 from $50 at Stifel

Stifel analyst Nathan Jones raised the firm’s price target on Flowserve (FLS) to $54 from $50 and keeps a Buy rating on the shares. The company’s “very strong” Q1 orders of $1.23N bolsters the backlog and improves confidence in the revenue profile, leading the firm to increase its estimates for 2025, the analyst tells investors in a post-earnings note.