BofA maintains buy rating on Flowserve (FLS) due to strategic synergies with Chart Industries.

From Yahoo Finance: 2025-06-23 16:05:00

Flowserve Corp. (NYSE:FLS) is among the 10 most undervalued industrial stocks per Bank of America analyst Andrew Obin. The strategic merger with Chart Industries is seen as transformative, offering increased scale and revenue diversification. The deal is projected to be significantly accretive to earnings by FY29, with projected cost savings of $300 million.

The combined company aims to benefit from synergies in LNG, renewable energy, and nuclear markets, with a modest 2% revenue boost expected post-integration. While integration challenges exist, potential benefits from synergies offer grounds for optimism about the stock. Flowserve Corp. manufactures and provides aftermarket services for flow control systems.

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Read more: BofA Maintains Buy as Flowserve (FLS) Eyes Strategic Synergies with Chart Industries