Vertical Research upgraded Fortive to Buy from Hold with a $74 price target. The analyst cites the defensive characteristics of the company’s Precision Technologies unit for the upgrade. The firm Fortive’s execution on its growth initiatives is supportive of a more positive view. It sees an attractive valuation at current share levels.
Published first on TheFly
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- Fortive sees FY23 adjusted EPS $3.25-$3.40, consensus $3.34
- Fortive sees Q1 EPS 71c-74c, consensus 75c
- Fortive reports Q4 adjusted EPS 88c, consensus 84c
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