TD Cowen lowered the firm’s price target on Fortrea Holdings to $23 from $27 and keeps a Hold rating on the shares. The firm said despite strong pipeline growth and recent top 20 partnerships/deals they believe a ramp in business mometum requires near-perfect execution as well as favorable macro environment.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTRE:
- Fortrea Holdings sees FY24 revenue $2.7B-$2.75B, consensus $2.8B
- Fortrea Holdings reports Q2 adjusted EPS (3c), consensus 8c
- Fortrea Holdings Inc. (FTRE) Q2 Earnings Cheat Sheet
- Fortrea Holdings downgraded to In Line from Outperform at Evercore ISI
- Labcorp price target raised to $260 from $240 at BofA