Fortive price target lowered to $94 from $98 at Seaport Research

Seaport Research lowered the firm’s price target on Fortive to $94 from $98 and keeps a Buy rating on the shares after the company reported Q1 results. Q2 guidance missed expectations and the firm has since reduced its FY24 and FY25 cash-based EPS estimates, the analyst tells investors. The firm, however, continues to expect double-digit EPS growth in 2H24 and 2025.