Fortive upgraded to Buy at Argus on solid sequential growth

Argus analyst John Eade upgraded Fortive (FTV) to Buy from Hold with a $68 price target after its Q1 results. The firm noted it had been looking for more transparency on top-line growth as a potential upgrade trigger, and the company’s Q1 results indicated solid sequential growth, the analyst tells investors in a research note. Argus adds that from a technical perspective, the recent trend in Fortive shares is increasingly bullish.