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Vontier price target raised to $42 from $38 at UBS

UBS raised the firm’s price target on Vontier to $42 from $38 and keeps a Buy rating on the shares. Earlier this month, Vontier announced the divestiture of its Coats business to Victor Capital Partners for $72.5M in cash, marking the sale of the last remaining asset in the “Other” segment, the analyst tells investors in a research note.

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