RBC Capital Maintains Sector Perform on Fortive, Raises Price Target to $75
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Deane Dray maintains a Sector Perform rating on Fortive (NYSE:FTV) and raises the price target from $74 to $75.

May 26, 2023 | 12:33 pm
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NEUTRAL IMPACT
RBC Capital maintains a Sector Perform rating on Fortive and raises the price target from $74 to $75.
RBC Capital's decision to maintain a Sector Perform rating on Fortive and raise the price target from $74 to $75 indicates a neutral outlook for the stock. The price target increase is relatively small, suggesting that the analyst does not expect significant short-term price movement. The news is important for investors as it provides an updated valuation from a reputable analyst, but the impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100