TD Cowen analyst Joseph C Giordano has maintained their bullish stance on FTV stock, giving a Buy rating on February 21.
Joseph C Giordano has given his Buy rating due to a combination of factors including the anticipation of a company split in the early third quarter, which has tempered investor interest. Despite this, the financial metrics appear solid, with a significant portion of free cash flow being allocated to share buybacks. Additionally, the performance of Fortive’s core businesses is encouraging, with Fluke maintaining its position, an uptick in Tek orders, and positive feedback from competitors. The stability in the healthcare segment further supports the Buy rating, as it provides a buffer against broader market volatility and uncertainty.
C Giordano covers the Industrials sector, focusing on stocks such as Symbotic, Flowserve, and IDEX. According to TipRanks, C Giordano has an average return of 8.4% and a 60.99% success rate on recommended stocks.
In another report released on February 21, Morgan Stanley also maintained a Buy rating on the stock with a $96.00 price target.