Mizuho analyst Brett Linzey lowered the firm’s price target on Fortive to $66 from $70 and keeps a Neutral rating on the shares. A sales guidance cut and Q3 miss drove the stock lower, the analyst tells investors in a research note.
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Read More on FTV:
- Fortive (NYSE:FTV) Plummets on Q3 Results
- Fortive backs FY23 adjusted EPS view $3.37-$3.40, consensus $3.41
- Fortive reports Q3 adjusted EPS 85c, consensus 85c
- Fortive to Acquire EA Elektro-Automatik for $1.45B
- Fortive price target lowered to $75 from $79 at Wells Fargo
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