Wells Fargo Maintains Equal-Weight on Fortive, Lowers Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph O'Dea has maintained an Equal-Weight rating on Fortive (NYSE:FTV) but has lowered the price target from $82 to $77.
October 31, 2024 | 8:08 pm
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Wells Fargo has maintained its Equal-Weight rating on Fortive but reduced the price target from $82 to $77, indicating a more cautious outlook.
The reduction in price target from $82 to $77 by Wells Fargo suggests a more cautious outlook on Fortive's stock performance. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations based on the new target.
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