Citi analyst Andrew Kaplowitz initiated coverage of Veralto with a Neutral rating and $87 price target. The company benefits from a “solid framework for steady compounding earnings growth and shareholder value creation over time,” the analyst tells investors in a research note. That said, softer demand trends across portions of Veralto’s portfolio may mute growth in the near-term, says the firm.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on VLTO: