Truist initiated coverage of Fortive with a Buy rating and $99 price target. Fortive has taken “aggressive actions” to transform its portfolio toward higher, more durable growth markets, says the analyst, who believes margins can potentially expand at a faster rate than peers. The firm also believes Fortive can “surprise investors” with additional M&A given the company’s strong balance sheet and ability to generate cash, the analyst added.
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- Seaport electrical/industrial analysts hold an analyst/industry conference call
- Fortive Corp’s Strategic Financial Maneuver with €1.2B Notes Offering
- Fortive price target raised to $95 from $87 at JPMorgan
- Fortive price target raised to $80 from $75 at RBC Capital
- Fortive price target raised to $98 from $96 at Seaport Research
