Morgan Stanley Maintains Overweight on Fortive, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joshua Pokrzywinski has maintained an Overweight rating on Fortive (NYSE:FTV) and raised the price target from $75 to $80.
July 12, 2023 | 1:17 pm
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Morgan Stanley has maintained an Overweight rating on Fortive and raised the price target from $75 to $80, indicating a positive outlook for the company.
The Overweight rating maintained by Morgan Stanley indicates that they believe Fortive's stock will outperform the average market return. The increase in the price target from $75 to $80 suggests that they expect the stock's price to rise in the short term. This is likely to have a positive impact on Fortive's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100