Fortive rises after TD Cowen upgrades to 'buy'

Fortive

08/07/2024 11:18

** Industrial products maker Fortive's shares  FTV.N  rise
1.4% to $73.40 premarket 
    ** TD Cowen upgrades FTV to "buy" from "hold"
    ** Brokerage raises PT to $90 from $75, representing a 24%
upside to stock's last close
    ** Says FTV's future M&A could be more "predictable and
palatable" for investors
    ** Adds electrification through integration of recently
acquired EA Electro and recovery at precision tech subsidiary
Tektronics is a strong near-term driver 
    ** Twelve brokerages rate FTV stock "buy" or higher and
eight recommend "hold"; their median PT is $86.50 - LSEG data
    ** Stock has fallen 1.7% YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))