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Enter Symbol:
 
Flowserve Corporation (FLS) [hlAlert]

Rating:
Buy FLS
up 11.83 %

Flowserve Corporation (FLS) rated Buy with price target $94 by Morgan Joseph

Posted on: Friday,  Aug 8, 2008  11:25 AM ET by Morgan Joseph

Morgan Joseph rated Buy Flowserve Corporation (NYSE: FLS) on 08/08/2008, when the stock price was $39.57. Since
then, Flowserve Corporation has gained 11.84% as of 01/07/2016's recent price of $44.25.
If you would have followed this Morgan Joseph's recommendation on FLS, you would have gained 11.83% of your investment in 2708 days.

Flowserve Corporation (Flowserve) is a manufacturer and aftermarket service provider of comprehensive flow control systems. The Company is engaged in developing and manufacturing precision-engineered flow control equipment, such as pumps, valves and seals, for critical service applications. Through the manufacturing platform, the Company offers a range of aftermarket equipment services, such as installation, advanced diagnostics, repair and retrofitting. The Company operates in three business segments: flowserve pump division (FPD) for engineered pumps, industrial pumps and related services; flow control division (FCD) for engineered and industrial valves, control valves, actuators and controls and related services, and flow solutions division (FSD) for precision mechanical seals and related products and services. In April 2009, the Company acquired CALDER AG.

Morgan Joseph is committed to providing timely, objective and actionable investment advice on the companies and securities we follow. Our team of equity analysts covers a growing universe of stock issues across a broad range of industry sectors. As a middle market-focused firm, our approach is not to publish research on as many companies as possible within a number of industry sectors. Rather, our research analysts distinguish themselves by zeroing in on quality companies with growth prospects or which present special situations. These companies often lack a research following. This enables our analysts to provide insight to investors in companies that are not well understood nor fairly valued.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/8/2008 11:25 AM Buy
None
39.57 31.02
as of 12/24/2008
1 Week up  4.26 %
1 Month up  6.67 %
3 Months up  32.04 %
1 YTD down  -47.21 %

(*) Stock Price at the time of the recommendation.
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