Fortive downgraded to Underperform from Outperform at Mizuho

Mizuho double downgraded Fortive (FTV) to Underperform from Outperform with a price target of $51, down from $54. The firm says the shares are above the price target while it expects a slow start to 2026 for more than half of the company’s portfolio. Fortive faces funding delays and uncertainty in its government, medical, retail segments, the analyst tells investors in a research note. Mizuho says that with the break-up catalyst in the past, Fortive faces demand risk in the near-term.