Analysts Offer Insights on Conglomerates Companies: Flowserve Corp (FLS) and ASV Holdings Inc (ASV)


Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Flowserve Corp (NYSE:FLS) and ASV Holdings Inc (NASDAQ:ASV).

Flowserve Corp (FLS)

In a report released yesterday, Walter Liptak from Seaport Global reiterated a Hold rating on Flowserve Corp, with a price target of $47. The company’s shares opened today at $50.12, close to its 52-week high of $51.55.

According to TipRanks.com, Liptak is a 4-star analyst with an average return of 9.3% and a 62.2% success rate. Liptak covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, John Bean Technologies, and Mueller Water Products.

The word on The Street in general, suggests a Hold analyst consensus rating for Flowserve Corp with a $47 average price target, which is a -6.2% downside from current levels. In a report issued on August 9, BMO Capital also reiterated a Hold rating on the stock with a $50 price target.

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See today’s analyst top recommended stocks >>

ASV Holdings Inc (ASV)

Seaport Global analyst Michael Shlisky reiterated a Buy rating on ASV Holdings Inc today and set a price target of $9. The company’s shares opened today at $6.54.

According to TipRanks.com, Shlisky is a 3-star analyst with an average return of 2.6% and a 37.3% success rate. Shlisky covers the Industrial Goods sector, focusing on stocks such as Manitex International, Manitowoc Company, and Terex Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ASV Holdings Inc with a $9.67 average price target, a 48.0% upside from current levels. In a report issued on August 10, Roth Capital also reiterated a Buy rating on the stock with a $9 price target.

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