B of A Securities Downgrades Fortive to Neutral, Announces $70 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Andrew Obin has downgraded Fortive (NYSE:FTV) from Buy to Neutral and set a price target of $70.
October 26, 2023 | 12:13 pm
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Fortive's stock has been downgraded from Buy to Neutral by B of A Securities, with a new price target of $70.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for Fortive's stock. This could potentially lead to a decrease in demand for the stock, putting downward pressure on its price in the short term.
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IMPORTANCE 80
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