Baird analyst Robert Mason lowered the firm’s price target on Fortive to $81 from $85 and keeps an Outperform rating on the shares. The firm believes the share reaction to its modest CY23E sales/EPS revisions, and incremental NT hardware slowing/risk, will prove as an attractive entry point over the near-to medium term.
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Read More on FTV:
- Fortive (NYSE:FTV) Plummets on Q3 Results
- Fortive backs FY23 adjusted EPS view $3.37-$3.40, consensus $3.41
- Fortive reports Q3 adjusted EPS 85c, consensus 85c
- Fortive to Acquire EA Elektro-Automatik for $1.45B
- Fortive price target lowered to $75 from $79 at Wells Fargo
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