Barclays raised the firm’s price target on Fortive (FTV) to $86 from $84 and keeps an Overweight rating on the shares. The firm says investors seem to be getting Ralliant for free at the current Fortive share price. The unit to be spun off “could be set for a V-shaped recovery,” the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTV: