Vontier price target raised to $42 from $38 at UBS

UBS raised the firm’s price target on Vontier to $42 from $38 and keeps a Buy rating on the shares. Earlier this month, Vontier announced the divestiture of its Coats business to Victor Capital Partners for $72.5M in cash, marking the sale of the last remaining asset in the “Other” segment, the analyst tells investors in a research note.