Mizuho lowers Fortive to 'underperform'; shares fall

Fortive

05/01/2026 14:47

Updates

** Shares of industrial equipment maker Fortive FTV.N fall 4% to $53.2 in early trading

** Mizuho downgrades co to "underperform" from "outperform"

** Cuts PT to $51 from $54; new PT represents 8% downside on stock's last close

** Brokerage says it expects slow start to 2026 across more than half of FTV's portfolio (government, medical, retail/consumer) as funding delays and uncertainty persists

 (Reporting by Parth Chandna)

 ((Parth.Chandna@thomsonreuters.com;))