Citigroup Maintains Buy on Fortive, Raises Price Target to $101
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Kaplowitz has maintained a Buy rating on Fortive (NYSE:FTV) and increased the price target from $90 to $101, indicating a positive outlook on the company's stock.
April 08, 2024 | 10:45 pm
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Citigroup analyst Andrew Kaplowitz reaffirms a Buy rating on Fortive and raises the price target to $101 from $90, signaling confidence in the company's future performance.
The increase in price target by a reputable analyst such as Andrew Kaplowitz from Citigroup usually indicates a strong bullish sentiment on the stock. This adjustment reflects an expectation of higher future performance and potential growth, likely influencing investor confidence and potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100