TD Cowen lowered the firm’s price target on Fortive (FTV) to $85 from $90 and keeps a Buy rating on the shares. There appears to be a “disconnect” between talk of acceleration and outperformance and forward growth outlooks in the 3%-4% range, the analyst tells investors in a research note.
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Read More on FTV:
- Fortive’s Undervaluation and Strategic Strengths Justify Buy Rating
- Fortive price target lowered to $75 from $79 at RBC Capital
- Fortive’s Balanced Prospects: Hold Rating Reflects Stability and Modest Growth Outlook
- Fortive price target raised to $79 from $78 at RBC Capital
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