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.
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