FLOW Stock Price $62 Target (Up From $48) By RBC

By Amit Chowdhry ● February 28, 2021
  • Shares of SPX Flow Inc (NYSE: FLOW) have received a price target increase from $48 to $62 by RBC. These are the details.

Shares of SPX Flow Inc (NYSE: FLOW) have received a price target increase from $48 to $62 by RBC. And RBC Capital analyst Deane Dray upgraded SPX Flow shares from “Underperform” to “Sector Perform.”

Dray noted that the company is close to emerging from the pandemic recession better positioned than before. And Dray also noted that the company is seeing early signs of a recovery “in its industry end markets.”

In a research report, Dray also told investors that he believes the company’s net cash position gives it attractive optionality for buybacks and bolt-on merger deals.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.