Morgan Stanley Initiates Coverage On Fortive with Overweight Rating, Announces Price Target of $89
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has initiated coverage on Fortive with an Overweight rating and set a price target of $89.
September 06, 2024 | 1:24 pm
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POSITIVE IMPACT
Morgan Stanley has initiated coverage on Fortive with an Overweight rating and a price target of $89, indicating a positive outlook on the stock.
The initiation of coverage with an Overweight rating by a major financial institution like Morgan Stanley is likely to positively influence investor sentiment and potentially drive the stock price up in the short term. The price target of $89 suggests an expected increase in value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100