Jefferies Expects Accelerating EPS Growth From FLS

Flowserve's FLS execution of its sales and margin strategies drove superlative earnings growth last cycle and protected earnings in the downturn, Jefferies reports. “With its end-markets improving, and well-conceived sales and margin growth strategies, we expect accelerating EPS growth in 2H11 and 2012,” Jefferies writes. Flowserve closed Wednesday at $122.66.