Flowserve Cut to Hold by TD Cowen, Price Target Slashed to $70
FLS•FLS•FLS•FLS•TD Cowen downgraded Flowserve to Hold from Buy, cut its price target to $70 from $85, and warned that Iran conflict disruptions may force a guidance reset. Analysts cite a recurring $25 million Q2 headwind and doubt mid-single-digit order growth in 2026, signaling possible reductions to revenue forecasts.
TD Cowen downgraded Flowserve to Hold from Buy and cut its price target to $70 from $85, citing a need to recalibrate near-term outlook after operational disruptions linked to the Iran conflict.
Recurring operational constraints in the Middle East are expected to create a roughly $25 million headwind in the second quarter, mirroring the impact seen earlier this year and raising concerns over revenue performance.
Analysts question the feasibility of mid-single-digit order growth in 2026 and warn that failure to meet these targets may prompt formal guidance reductions, though long-term infrastructure demand remains supportive.
