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Fly News Breaks for December 11, 2017
FLS
Dec 11, 2017 | 07:58 EDT
As previously reported, Stifel analyst Nathan Jones downgraded Flowserve to Hold from Buy, saying he sees no near-term catalysts given his expectation of orders being flat to down in Q4. He also sees considerable uncertainty around the timing of margin recovery in its IPD segment. Jones maintains a $43 price target on Flowserve shares.
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