Veralto price target raised to $90 from $79 at Baird

Baird raised the firm’s price target on Veralto to $90 from $79 and keeps a Neutral rating on the shares. The firm said they reported a solid Q4 and 2024 guide was set appropriately with levers for upside, end-market demand appears to be bottoming sooner than expected, and greater control over organization/strategy as an independent company provides a multi-year opportunity for internal improvement.