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Flowserve price target raised to $97 from $87 at Stifel

Stifel raised the firm’s price target on Flowserve (FLS) to $97 from $87 and keeps a Buy rating on the shares following a “good” Q4, guidance that “nicely exceeded” consensus, “strong” 2030 targets and “a nice acquisition that increases exposure to nuclear and diversifies end market exposure away from oil & gas.”

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