Fortive fairly valued at current levels, says Argus

Argus made no change to the firm’s Hold rating on Fortive (FTV) following the company’s Q1 results and outlook. The company’s recent growth has slowed a bit due in part to supply-chain challenges, and Argus is now looking for single-digit growth over the next two years, the analyst tells investors in a research note. The firm is staying on the sidelines ahead of the corporate split and believes shares are fairly valued at current levels.