Fortive downgraded to Hold from Buy at Truist

Truist analyst Jamie Cook downgraded Fortive (FTV) to Hold from Buy with a price target of $55, down from $60. With a new management team in place and a more streamlined portfolio, Fortive has “the potential to finally deliver on its financial targets and drive consistent earnings growth,” but the firm is moving to the sidelines as it views the stock as “a show-me story” given what it says are “less aspirational organic growth targets relative to peers.”