Fortive price target raised to $98 from $96 at Seaport Research

Seaport Research raised the firm’s price target on Fortive to $98 from $96 and keeps a Buy rating on the shares. The company’s Q4 conference call was upbeat, with management showing confidence in business trends and guidance, the analyst tells investors in a research note. The firm says Fortive is seeking to become a compounder, and this earnings report “certainly showed progression.”