Fortive price target raised to $85 from $77 at RBC Capital

RBC Capital analyst Deane Dray raised the firm’s price target on Fortive (FTV) to $85 from $77 and keeps a Sector Perform rating on the shares. The company reported a operating miss vs. the firm’s on weaker Precision Technologies segment revenue and margins, with 2025 guidance capturing RBC’s estimates at the high-end, though the key positives in the quarter were continued orders momentum at Precision Technologies, rising double digits for the second consecutive quarter, and solid 114% free cash flow conversion that was in-line with its Q4 average, the analyst tells investors in a research note. RBC adds however that China weakness is expected to persist through 2025.