Citigroup Maintains Buy on Fortive, Lowers Price Target to $98
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Kaplowitz maintains a Buy rating on Fortive (NYSE:FTV) but lowers the price target from $101 to $98.
April 25, 2024 | 10:44 pm
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Citigroup maintains a Buy rating on Fortive, with a reduced price target from $101 to $98.
The adjustment in price target by Citigroup, while maintaining a Buy rating, suggests a positive outlook on Fortive's fundamentals but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the revised target alongside the continued endorsement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100