Morgan Stanley Maintains Overweight Rating for Fortive: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Overweight rating for Fortive (NYSE:FTV) and increased its price target from $75.00 to $80.00. Fortive is a diversified industrial technology firm that generated roughly $5.8 billion in revenue and $1.4 billion in adjusted operating income in 2022. Shares of Fortive are currently trading up 0.7% at $75.14 per share.
July 12, 2023 | 5:00 pm
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Morgan Stanley has maintained its Overweight rating for Fortive and raised its price target, indicating a positive outlook for the company. This could potentially lead to an increase in Fortive's stock price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. In this case, Morgan Stanley's decision to maintain an Overweight rating and raise the price target for Fortive indicates a positive outlook for the company, which could potentially lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100