Fortive price target raised to $72 from $68 at RBC Capital

RBC Capital raised the firm’s price target on Fortive (FTV) to $72 from $68 and keeps a Sector Perform rating on the shares. The company reported a modest Q1 operating miss and also lowered 2025 EPS guidance by 3.9% on weaker demand in Test & Measurement and phased tariff mitigation, the analyst tells investors in a research note. Fortive has also sized its gross tariff exposure at $190M-$220M, with about two-thirds to be offset through pricing, RBC adds.