Joseph C Giordano, an analyst from TD Cowen, maintained the Hold rating on Veralto Corporation. The associated price target is $100.00.
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Joseph C Giordano’s rating is based on a combination of factors including the recent financial results and outlook for Veralto Corporation. The analyst has updated the financial model to incorporate the latest performance data and future projections, including the integration of In-Situ, which is expected to have a neutral impact on earnings per share in the first year starting in the second quarter of 2026.
Additionally, the decision to maintain the price target is influenced by the planned $300 million share buyback in fiscal year 2026, following new authorization. Despite these updates, the earnings per share estimate and price target for fiscal year 2026 remain unchanged, leading to the Hold rating. This suggests that while there are positive developments, they are not significant enough to warrant a change in the current investment recommendation.
C Giordano covers the Industrials sector, focusing on stocks such as Ametek, IDEX, and ABB Ltd. According to TipRanks, C Giordano has an average return of 9.7% and a 58.61% success rate on recommended stocks.