JPMorgan analyst Stephen Tusa raised the firm’s price target on Fortive to $78 from $77 and keeps an Overweight rating on the shares. The company reported a Q1 above expectations, with beats on organic growth and margins, the analyst tells investors in a research note. The firm came away increasing estimates to reflect the "strong start" to the year.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on FTV:
- Fortive raises FY23 adjusted EPS view to $3.29-$3.40 from $3.25-$3.40
- Fortive sees Q2 adjusted EPS 78c-82c, consensus 82c
- Fortive reports Q1 adjusted EPS 75c, consensus 73c
- Early notable gainers among liquid option names on April 12th
- Emerson near deal to buy National Instruments for about $60/shr, Bloomberg says
