Flowserve price target raised to $70 from $65 at Mizuho

Mizuho raised the firm’s price target on Flowserve (FLS) to $70 from $65 and keeps an Outperform rating on the shares. The shares were weak against elevated expectations and Flowserve being a favored “beat” into Q4 earnings previewed by much of the sell-side, the analyst tells investors in a research note. The firm sees the post-earnings stock reaction as attractive entry point “on no major fundamental change.”