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Fortive price target lowered to $84 from $85 at Barclays

Barclays lowered the firm’s price target on Fortive (FTV) to $84 from $85 and keeps an Overweight rating on the shares. The firm’s estimates for Fortive on a total company basis were at the bottom end of the prior FY25 EPS guidance range, notes the analyst, who thinks the new guidance “looks much more reasonable, though not ‘easy'” given the larger-than-expected 10c net tariff headwind. After a “disappointing” earnings update, the firm thinks the impending Capital Markets Day on June 10 and subsequent spin of Ralliant by the end Q2 will serve to drive the shares higher in the coming months, the analyst added.

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