Flowserve price target raised to $71 from $64 at Goldman Sachs

Goldman Sachs analyst Joe Ritchie raised the firm’s price target on Flowserve (FLS) to $71 from $64 and keeps a Neutral rating on the shares after its Q3 earnings beat. The company’s management is executing well, there is substantial self-help potential, particularly within Flow Control Division, or FCD, and the Nuclear opportunity should drive stronger bookings growth going forward, the analyst tells investors in a research note.