The auto industry is stuck in limbo. Vontier (VNT) stock might just be getting out of it. Al Root writes in this week’s edition of Barron’s. Vontier, which makes a variety of gear for both gas-powered and electric vehicles spun out of Fortive (FTV) in 2020, leaving it in an in-between state as investors try to figure out what the company is and where its business is going. Despite the lackluster returns since the spin, Vontier is a stock that can win no matter what kind of car people decide to drive, the author says.
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Read More on VNT:
- Vontier price target raised to $39 from $35 at Argus
- Vontier price target raised to $37 from $36 at Citi
- Vontier sees Q4 adjusted EPS 75c-79c, consensus 82c
- Vontier narrows 2023 adjusted EPS view to $2.83-$2.87 from $2.79-$2.87
- Vontier reports Q3 adjusted EPS 73c, consensus 68c
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