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home / news releases / FLS - Flowserve: Downgrade To Hold As Upside Is Already Priced In

FLS - Flowserve: Downgrade To Hold As Upside Is Already Priced In

Flowserve Corporation

2024-05-14 02:58:31 ET

Summary

  • Flowserve's FY23 performance exceeded expectations, with 20% growth and stronger earnings.
  • FLS's bookings and backlog remain strong, indicating continued demand and potential for growth.
  • Despite positive fundamentals, the current stock price has already priced in potential upside, making it better to wait for a better entry point.

Investment action

For further details see:

Flowserve: Downgrade To Hold As Upside Is Already Priced In
Stock Information
Company Name: Flowserve Corporation
Stock Symbol: FLS
Market: NYSE
Website: flowserve.com
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