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
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100