RBC raises Fortive's PT ahead of Q3 results

Fortive

17/10/2024 19:19

** RBC Capital Markets raises price target for industrial
products maker Fortive  FTV.N  to $85 from $77; maintains
"sector perform" rating
        ** Says investors await progress updates on 
    recently announced company split
     and will look for signs of recovery in China when FTV
reports Q3 results on Oct 30
  
        ** Adds that investors are also closely watching order
trends in Precision Technologies unit, which FTV is spinning off
    ** Fifteen of 20 brokerages rate the stock "buy" or higher
and five "hold"; their median PT is $88.75 - LSEG data
    ** Up to last close, stock up 4.88% YTD

 (Reporting by Anshuman Tripathy in Bengaluru)
 ((Anshuman.Tripathy@thomsonreuters.com;))