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.
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