Baird Upgrades Fortrea Holdings to Outperform, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Eric Coldwell upgraded Fortrea Holdings (FTRE) from Neutral to Outperform, while also lowering the price target from $45 to $36. This reflects a positive outlook on the company's performance despite a reduced price target.
May 14, 2024 | 9:57 am
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Fortrea Holdings was upgraded by Baird from Neutral to Outperform, indicating a positive outlook on the company's future performance. However, the price target was reduced from $45 to $36, suggesting some caution.
The upgrade to Outperform suggests Baird's belief in Fortrea Holdings' potential for above-average market performance in the short term, which could positively influence investor sentiment and stock price. However, the reduction in the price target might temper expectations, indicating that while the outlook is positive, there are factors that could limit the stock's upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100