Argus initiated coverage of Veralto with a Buy rating and $90 price target. The firm is positive on the company’s position as a global leader in water and product quality services while also citing its profitable business model, a clean balance sheet and an experienced management team. Argus further notes that valuations for Veralto Technologies are attractive compared to its peer group and that the stock has underperformed the market since the company’s spin-off on October 2nd.
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Read More on VLTO:
- Veralto Announces Quarterly Dividend
- Veralto initiated with neutral view at Wolfe Research, here’s why
- Veralto shareholders reject mini-tender offer by TRC Capital
- Stifel starts Veralto with a Buy rating, $82 price target
- Veralto initiated with a Buy at Stifel
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