Fortive price target raised to $65 from $56 at RBC Capital

RBC Capital raised the firm’s price target on Fortive (FTV) to $65 from $56 and keeps a Sector Perform rating on the shares. The company delivered better-than-expected Q4 operating results with a healthy 3.8% operating beat, the analyst tells investors in a research note. Earnings quality was good with upside 3.3% organic, 43% incrementals and 109% free cash flow conversion, the firm added.