B of A Securities Maintains Underperform on Fortrea Holdings, Raises Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Derik De Bruin maintains an Underperform rating on Fortrea Holdings (NASDAQ:FTRE) and raises the price target from $29 to $33.

March 12, 2024 | 11:21 am
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Fortrea Holdings' price target was raised from $29 to $33 by B of A Securities, although the Underperform rating was maintained.
The increase in price target for Fortrea Holdings suggests a slightly more positive outlook on the company's valuation from B of A Securities, despite maintaining an Underperform rating. This could indicate that the analyst sees some potential for the stock but remains cautious about its performance in the short term. The direct mention of FTRE with a specific analyst action makes this news highly relevant to the stock, but the maintained Underperform rating tempers the potential positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90