Citi left a meeting with Flowserve (FLS) and Chart Industries (GTLS) with increased confidence that the strategic combination “could support resilient earnings growth over time.” Flowserve remains well positioned for growth across most of its end markets, particularly in power and select energy transition work, the analyst tells investors in a research note. The firm thinks the company is well positioned to deliver solid earnings in 2025 and beyond. It keeps a Buy rating on the shares with a $58 price target.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLS:
- Strategic Merger of Flowserve and Chart Industries Promises Growth and Enhanced Valuation
- Jefferies positive on Flowserve merger, sees path to $70 per share
- Chart Industries named a ‘Top Pick’ at Morgan Stanley
- Chart Industries participates in a conference call with Craig-Hallum
- Strategic Merger Boosts Flowserve’s Growth Prospects: Analyst Recommends Buy