Evercore ISI analyst Elizabeth Anderson raised the firm’s price target on Fortrea (FTRE) to $14 from $11 and keeps an In Line rating on the shares. The company’s transition under new leadership is off to a promising start as the Q3 book-to-bill ratio held steady despite management changes, reflecting both internal focus and an improving demand landscape, the analyst tells investors in a research note. The firm added that while the stock’s rapid quarter-to-date rise keeps it cautious, the market’s potential improvement into 2026 could prompt a re-evaluation.
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