S&P Capital IQ Picks Flowserve Focus Stock of the Week

            S&P Capital IQ Picks Flowserve Focus Stock of the Week

PR Newswire

NEW YORK, June 10, 2013

NEW YORK, June 10, 2013 /PRNewswire/ --Flowserve Corp. (NYSE: FLS: $168) has
been picked by S&P Capital IQ as its Focus Stock of the Week. FLS carries S&P
Capital IQ's highest investment recommendation of 5-STARS, or Strong Buy.

(Logo: http://photos.prnewswire.com/prnh/20130524/NY19925LOGO )

"We believe Flowserve is well positioned to maintain its strong organic growth
in its core end markets, while supplementing that growth with strategic
'bolt-on' acquisitions. With oil prices remaining high, major oil companies
should continue to ramp up larger projects, while deferred maintenance
projects at refineries should pick up later this year, in our view, as
companies have postponed these projects due to strong demand for fuel," said
Stewart Scharf, equity analyst at S&P Capital IQ.

"We see the company continuing to win new business via its diversified
geographic mix and aftermarket strategy, and its ability, in our opinion, to
execute on its contracts. We believe Flowserve will also continue operational
improvements and shifting manufacturing and engineering to low-cost regions,
while monitoring customers and suppliers. We expect additional global
opportunities for aftermarket services, as the company maintains response
centers close to its customers, and develops long-term relationships." 

To view a video of Mr. Scharf discussing FLS click on the following link.  
Playback/Web Link

About S&P Capital IQ
S&P Capital IQ, a part of the McGraw Hill Financial (NYSE:MHFI), is a leading
provider of multi-asset class and real time data, research and analytics to
institutional investors, investment and commercial banks, investment advisors
and wealth managers, corporations and universities around the world. Evaluated
pricing is prepared by Standard & Poor's Securities Evaluations, Inc., a part
of S&P Capital IQ and a registered investment adviser with the U.S. Securities
and Exchange Commission. S&P Capital IQ provides a broad suite of capabilities
designed to help track performance, generate alpha, identify new trading and
investment ideas, and perform risk analysis and mitigation strategies. Through
leading desktop solutions such as Capital IQ, Global Credit Portal and
MarketScope Advisor desktops; enterprise solutions such as S&P Valuations; and
research offerings, including Leveraged Commentary & Data, Global Markets
Intelligence, and company and fund research, S&P Capital IQ sharpens financial
intelligence into the wisdom today's investors need. For more information,
visit www.spcapitaliq.com.

For more information contact:

Marc Eiger, Communications, Tel.: 212-438-1280
marc.eiger@spcapitaliq.com

All information provided by S&P Capital IQ is impersonal and not tailored to
the needs of any person, entity or group of persons. Past performance is no
indication of future results. S&P Capital IQ and its affiliates provide a wide
range of services to, or relating to, many organizations, including issuers of
securities, investment advisers, broker-dealers, investment banks, other
financial institutions and financial intermediaries, and accordingly may
receive fees or other economic benefits from those organizations, including
organizations whose securities or services they may recommend, rate, include
in model portfolios, evaluate or otherwise address.

This material is not intended as an offer or solicitation for the purchase or
sale of any security or other financial instrument. Securities, financial
instruments or strategies mentioned herein may not be suitable for all
investors. Any opinions expressed herein are given in good faith, are subject
to change without notice, and are only current as of the stated date of their
issue. Prices, values, or income from any securities or investments mentioned
in this report may fall against the interests of the investor and the investor
may get back less than the amount invested. Where an investment is described
as being likely to yield income, please note that the amount of income that
the investor will receive from such an investment may fluctuate. Where an
investment or security is denominated in a different currency to the
investor's currency of reference, changes in rates of exchange may have an
adverse effect on the value, price or income of or from that investment to the
investor. The information contained in this report does not constitute advice
on the tax consequences of making any particular investment decision. This
material does not take into account your particular investment objectives,
financial situations or needs and is not intended as a recommendation of
particular securities, financial instruments or strategies to you nor is it
considered to be investment advice. Before acting on any recommendation in
this material, you should consider whether it is suitable for your particular
circumstances and, if necessary, seek professional advice.

This material is based upon information that we consider to be reliable, but
neither S&P Capital IQ nor its affiliates warrant its completeness, accuracy
or adequacy and it should not be relied upon as such. With respect to reports
issued to clients in a language other than English and in the case of
inconsistencies between the English and translated versions of a report, the
English version prevails. Neither S&P Capital IQ nor its affiliates guarantee
the accuracy of the translation. Assumptions, opinions and estimates
constitute our judgment as of the date of this material and are subject to
change without notice. Neither S&P Capital IQ nor its affiliates are
responsible for any errors or omissions or for results obtained from the use
of this information. Past performance is not necessarily indicative of future
results.

SOURCE S&P Capital IQ

Website: http://www.spcapitaliq.com
 
Press spacebar to pause and continue. Press esc to stop.