Flowserve price target raised to $84 from $66 at Stifel

Stifel analyst Nathan Jones raised the firm’s price target on Flowserve (FLS) to $84 from $66 and keeps a Buy rating on the shares after the company reported strong operating results, Additionally, announcing the divestiture of its asbestos liability, accelerated share repurchases, strong bookings in excess of $1.2B, further progress on simplification initiatives, and a material opportunity for growth in nuclear are “all very positive,” the analyst tells investors in a post-earnings note.