Flowserve Started as a “Buy” at Jefferies & Co. (FLS)


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Flow control systems specialist Flowserve Corporation ( FLS ) on Thursday saw its coverage initiated with a "Buy" rating by analysts at Jefferies & Co.

The firm also set a $160 price target on FLS, which implies a massive 33% upside to the stock's Wednesday closing price of $120.12.

Jefferies noted the company should see a re-acceleration of its earnings growth later in 2011.

Flowserve shares rose 88 cents, or +0.7%, in premarket trading Thursday.

The Bottom Line
We recently added Flowserve ( FLS ) to our recommended list for aggressive dividend investors. The company has a .97% dividend yield, based on last night's closing stock price of $117.19.

Flowserve Corporation ( FLS ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks

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