A multi-sector roundup highlighting the initiation of Flowco, better-than-expected 1Q results for Phreesia, and signs of macro deceleration in building products and industrial construction.
Key Takeaways
- 1.Citi initiates coverage on Flowco (FLOC) with a Neutral/High Risk rating and $31 target price, viewing it as a production equipment growth story but awaiting a better entry point after YTD appreciation.
- 2.Phreesia (PHR) reported solid 1Q results with revenue growth of 13%, but management anticipates continued volatility in the Network Solutions segment in the second half of the year.
- 3.US building products spending has decelerated in May, falling to +3.5% Y/Y from previous weeks, as macro uncertainty and gas prices impact repair & remodel (R&R) activity.
Table of Contents
- Company
- Flowco Holdings Inc. (FLOC.N) - A Production Equipment Growth Story
- Phreesia, Inc. (PHR.N) - F1Q27 Recap: A Solid Quarter, But Expect Continued NS Volatility
- Industry
- Waste Services - Reconsidering Upside for CLH Safety-Kleen
- US Building Products—Card Insights - Spending Decelerates in May, but Remains Positive YTD
- US Industrials - Dodge Meeting Takeaways: Macro Slowing Some Project Decisions But Data Centers Continue Paving the Way
- US Diversified Utilities - Wave of M&A Following NEE Deal? Utility M&A Target Screen
- US Restaurants - Weekly Traffic Jam & Sales Check-Up: Football Slows into Month-End
- North America Transportation - Transports Weekly Chartbook
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Authors
Scott GruberDaniel GrosslightBryan BurgmeierAnthony Pettinari
Securities
FLOCPHRCLHFDXAEP
Themes
Macroeconomic DecelerationUtility Sector ConsolidationPricing Power in Industrials
Regions
North AmericaUnited States