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FLS

Flowserve

$47.75

0.485 (1.03%)

16:14
02/20/19
02/20
16:14
02/20/19
16:14

Flowserve sees FY19 adjusted EPS $1.95-$2.15, consensus $2.16

Sees FY19 revenue growth 4%-6%, consensus $4.07B.

  • 21

    Feb

  • 28

    Feb

FLS Flowserve
$47.75

0.485 (1.03%)

12/18/18
MSCO
12/18/18
DOWNGRADE
MSCO
Underweight
Flowserve downgraded to Underweight from Equal Weight at Morgan Stanley
12/18/18
12/18/18
DOWNGRADE
Target $38

Underweight
Flowserve cut to Underweight on lack of turnaround conviction at Morgan Stanley
As previously reported, Morgan Stanley analyst Joshua Pokrzywinski downgraded Flowserve to Underweight from Equal Weight, stating that he came away from the company's analyst meeting last week with less conviction in the timing of a turnaround. He significantly reduced his target multiple after reassessing the company's potential future earning power. Management has called 2019 a "productivity" year, not a "restructuring" year, but the path to margin targets seems to require a more aggressive move around factory consolidation, closing QRCs or dramatically higher backlog margins, Pokrzywinski tells investors. He lowered his price target on Flowserve shares to $38 from $51.
12/18/18
12/18/18
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Philip Morris (PM) downgraded to Underperform from Neutral at Credit Suisse with analyst Alan Erskine saying after conducting a survey of next-generation products users in Japan, the U.S. and the U.K., he believes slower progress in the take-up of heated tobacco products and weaker combustible organic growth will challenge the high-single-digit earnings growth models of Philip Morris and British American Tobacco (BTI). 2. Wabco (WBC) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Courtney Yakavonis saying she is losing conviction that Wabco can return to its "normal" margin and outgrowth framework in FY19, citing rolling global truck markets, recent underperformance in core outgrowth, and sustained margin risks as limiting factors to the previously premium multiple. 3. Kansas City Southern (KSU) and Schneider National (SNDR) were downgraded to Neutral from Overweight at JPMorgan. 4. Illinois Tool Works (ITW) and Flowserve (FLS) were downgraded to Underweight from Equal Weight at Morgan Stanley, while Hubbell (HUBB) was downgraded to Equal Weight from Overweight at Morgan Stanley. 5. Worldpay (WP) downgraded to Outperform from Top Pick at RBC Capital with analyst Daniel Perlin saying while the company trades in line with its peers on a relative price-to-earnings basis, its shares remain attractive given the "conservative" expectations for synergy targets. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/03/19
FBCO
01/03/19
NO CHANGE
Target $42
FBCO
Neutral
Flowserve price target lowered to $42 from $48 at Credit Suisse
Credit Suisse analyst John Walsh lowered his price target for Flowserve to $42 from $48 to reflect a 20bps reduction in global industrial production expectations, a 200bps reduction in energy capex driven by reduced E&P spending, and current FX rates. The analyst reiterates a Neutral rating on the shares.

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AKAM

Akamai

$90.95

-0.13 (-0.14%)

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DB

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-0.125 (-1.53%)

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PRVB

Provention Bio

$9.70

0.33 (3.52%)

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DRI

Darden

$127.40

1.31 (1.04%)

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XGN

Exagen

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  • 19

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PING

Ping Identity

$0.00

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  • 19

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CBS

CBS

$43.38

0.08 (0.18%)

, T

AT&T

$36.77

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Viacom

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Viacom

$25.77

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British American Tobacco

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MO

Altria Group

$40.84

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PM

Philip Morris

$71.58

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IMBBY

Imperial Brands

$0.00

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  • 23

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CRON

Cronos Group

$10.96

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MLHR

Herman Miller

$44.48

-0.02 (-0.04%)

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NCR Corp.

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TNDM

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$12.45

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PRVB

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$9.70

0.33 (3.52%)

PAA

Plains All American

$21.87

-0.315 (-1.42%)

COST

Costco

$292.47

0.96 (0.33%)

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  • 19

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TECD

Tech Data

$103.32

-0.59 (-0.57%)

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T

AT&T

$36.77

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Dish

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Dish

$35.58

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AGCO

Agco

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PBR

Petrobras

$14.63

-0.31 (-2.08%)

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CE

Celanese

$123.69

-0.28 (-0.23%)

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STI

SunTrust

$68.57

0.48 (0.70%)

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WBS

Webster Financial

$48.84

0.43 (0.89%)

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HSBC

HSBC

$38.19

-0.1 (-0.26%)

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  • 27

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HES

Hess Corp.

$66.91

-0.92 (-1.36%)

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  • 01

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CSCO

Cisco

$49.32

-0.1 (-0.20%)

, DDOG

Datadog

$0.00

(0.00%)

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DDOG

Datadog

$0.00

(0.00%)

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