Deutsche Bank Initiates Coverage On Fortrea Holdings with Hold Rating, Announces Price Target of $36
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Justin Bowers initiates coverage on Fortrea Holdings (NASDAQ:FTRE) with a Hold rating and a price target of $36.

March 06, 2024 | 4:23 pm
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Deutsche Bank has initiated coverage on Fortrea Holdings with a Hold rating and a price target of $36.
The initiation of coverage by a major bank like Deutsche Bank can bring increased attention to Fortrea Holdings. However, the 'Hold' rating suggests a neutral outlook, indicating that the analyst sees the stock performing in line with the market or sector. The price target of $36 provides a specific expectation for the stock's future price level but does not suggest a significant upside or downside, hence the neutral impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100