UBS Analyst Bullish On Flowserve, Sees Sharp Upside

  • UBS analyst Damian Karas upgraded Flowserve Corp FLS to Buy from Neutral and raised the price target to $46 (implying an upside of 29.29%) from $42. 
  • Karas notes company's expected earnings growth of over 50% through FY23 looks "underappreciated" relative to the risks around supply chain headwinds, ESG unfavorability given its 40% oil and gas exposure, and the macro related stock pressures.
  • Karas further adds that Flowserve trades at an 11% discount relative to the market and offers a favorable 4:1 risk return.
  • Price Action: FLS shares closed higher by 3.73% at $35.60 on Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsUpgradesPrice TargetAnalyst RatingsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!