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.
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