Fortive price target raised to $85 from $77 at BofA

BofA raised the firm’s price target on Fortive to $85 from $77 and keeps a Neutral rating on the shares. The company’s 2024 adjusted EPS guidance of $3.73-3.85 was above $3.66 consensus, notes the analyst, who calls the outlook “rational,” but adds that upside may require an improving macro picture.