Flowserve price target raised to $57 from $50 at Baird

Baird raised the firm’s price target on Flowserve to $57 from $50 and keeps a Neutral rating on the shares. The firm said they posted a solid Q1 but rrders, while healthy, were likely below investor expectations though two large orders booked/announced in April help ease concerns, and end markets, backlog/frontlog, and Business-to-Business expectations remain supportive of healthy top-line growth into 2025.