Goldman Sachs analyst Joe Ritchie upgraded Flowserve (FLS) to Neutral from Sell with a price target of $69, up from $55. The company has materially improved its operational performance, and end market tailwinds support strong growth over the coming years, the analyst tells investors in a research note. The firm says that over the last two years, it has seen marked improvement not only in the company’s end markets, but also in the company’s execution.
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