Jefferies Upgrades Flowserve to Buy, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Saree Boroditsky has upgraded Flowserve (NYSE:FLS) from Hold to Buy and raised the price target from $40 to $50.
September 26, 2023 | 9:15 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Flowserve has been upgraded to Buy from Hold by Jefferies, with a raised price target of $50, up from $40.
The upgrade from Hold to Buy by Jefferies indicates a positive outlook for Flowserve. The raised price target from $40 to $50 suggests that the analyst sees potential for the stock's price to increase in the short term. This could lead to a positive impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100