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. The firm raised its estimates following the “strong” Q3 beat, the analyst tells investors in a research note. Flowserve management is executing well, and there is substantial self-help potential and the Nuclear opportunity should drive stronger bookings growth going forward, Goldman says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLS: