Vontier price target raised, added to ‘US 1’ list at BofA

BofA raised the firm’s price target on Vontier to $48 from $40 and keeps a Buy rating on the shares following Q4 results that the firm says “underscore Vontier’s growth platforms are working.” The quarterly results make the firm more confident in the company’s ability to deliver mid-single digit organic revenue growth or better over 2024-26, added the analyst. Separately, the firm added Vontier to its “US 1” list, which is intended to represent a collection of its best investment ideas that are drawn from the universe of Buy-rated, U.S.-listed stocks covered by BofA Global Research fundamental equity research analysts.