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UBS analyst Damian Karas upgraded Flowserve Corp (NYSE:FLS) to Buy from Neutral and raised the price target to $46 (implying an upside of 29.29%) from $42. Karas notes company’s expected earnings growth of over 50% through FY23 looks “underappreciated” relative to the risks around supply chain headwinds, ESG unfavorability given its 40% oil and gas exposure, and the macro related stock pressures.
...read full article on Benzinga