Flowserve price target raised to $60 from $58 at Mizuho

Mizuho analyst Brett Linzey raised the firm’s price target on Flowserve (FLS) to $60 from $58 and keeps an Outperform rating on the shares. The firm updated estimates in the electrical equipment and multi-industry sector post earnings. Pent-up demand in investment and capex, the reemergence of profit generation and positive portfolio shaping are common themes, the analyst tells investors in a research note. Mizuho’s top picks are Carrier Global (CARR), Emerson Electric (EMR), Pentair (PNR), Applied Industrial (AIT) and Stanley Black & Decker (SWK).