RBC Capital analyst Deane Dray raised the firm’s price target on Fortive to $93 from $80 but keeps a Sector Perform rating on the shares. Fortive has the potential to fulfill its destiny as the “Next Danaher” and the firm likes the fundamentals of this story longer-term, but the firm also cautions that Fortive’s portfolio is more cyclical than Danaher’s due to the nature of its niche industrial businesses, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTV:
- Fortive price target raised to $97 from $89 at Barclays
- Fortive initiated with a Buy at Truist
- Seaport electrical/industrial analysts hold an analyst/industry conference call
- Fortive Corp’s Strategic Financial Maneuver with €1.2B Notes Offering
- Fortive price target raised to $95 from $87 at JPMorgan
