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Fly News Breaks for February 20, 2018
FLS
Feb 20, 2018 | 08:04 EDT
As reported earlier, RBC Capital analyst Deane Dray upgraded Flowserve to Sector Perform from Underperform and raised his price target to $46 from $39. Dray cites his expectations of an announcement of a turnaround plan from the new CEO and believes the stock may have bottomed, since the Q4 operating miss and "low-balled FY18 outlook" did not produce new selling pressure.
News For FLS From the Last 2 Days
