Barclays analyst Luke Sergott lowered the firm’s price target on Fortrea (FTRE) to $5 from $6 and keeps an Underweight rating on the shares. The company’s CEO is stepping down and it reported a bookings miss on big sales beat, the analyst tells investors in a research note. The firm expects the shares to respond positively outside of commentary that things are getting materially worse.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTRE:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue