Evercore ISI Group Maintains Outperform on Fortrea Holdings, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Elizabeth Anderson maintains an Outperform rating on Fortrea Holdings (NASDAQ:FTRE) but lowers the price target from $43 to $31.

May 14, 2024 | 12:54 pm
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NEUTRAL IMPACT
Evercore ISI Group maintains an Outperform rating on Fortrea Holdings but lowers the price target from $43 to $31.
The maintenance of an Outperform rating suggests a positive outlook on the stock by Evercore ISI Group, indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target from $43 to $31 could reflect a reassessment of the company's future earnings potential, market conditions, or both. This mixed signal might lead to short-term uncertainty among investors, potentially causing some volatility in the stock's price. However, the overall positive stance might mitigate significant negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100