Seaport Global analyst Ryan Cassil upgraded Flowserve to Buy saying short-cycle capex in heavy industries is showing signs of a bottom and there is increased optimism for growth in 2017. Additionally, Flowserve's realignment initiatives are poised to inflect in 2017 and at a time whtn they should help lever the company's QRC footprint. The analyst is optimistic bookings will remain stable at depressed levels and a mid cycle acceleration in project activity will be incremental to his estimates. Cassil raised his price target on Flowserve to $60 from $49.