Flowserve reinstated with a Buy at Jefferies

Jefferies reinstated coverage of Flowserve (FLS) with a Buy rating and $65 price target after having previously been restricted. The firm is positive on Wabtec (WAB), and Vertiv Holdings (VRT) into this earnings season, the analyst tells investors. Flowserve should continue to see $1B-plus orders with potential for full-year margins to come in ahead of management guidance, the analyst tells investors in a preview for the Multi-Industrials.