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Fly News Breaks for November 9, 2018
FLS
Nov 9, 2018 | 07:44 EDT
DA Davidson analyst Brent Thielman raised his price target on Flowserve to $48 after its better than expected Q3 earnings, saying its industry activity is improving. The analyst is also positive on the company's prospects of margin stability, but believes that a return to prior peak levels on a sustained basis will be "challenging barring a more significant industry recovery." Thielman keeps his Neutral rating on Flowserve.
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