Fortive price target lowered to $54 from $65 at Mizuho

Mizuho analyst Brett Linzey lowered the firm’s price target on Fortive (FTV) to $54 from $65 and keeps an Outperform rating on the shares. The firm adjusted electrical equipment and multi-industry models ahead of the Q3 reports. Trade frictions and policy uncertainty are holding back some investment in the group, the analyst tells investors in a research note. Mizuho says short-cycle demand trends point to stability with better prospects in the U.S., while international markets are still dealing with de-globalization trends.