KeyBanc starts Vontier with Overweight on mobility tailwinds

KeyBanc analyst Katie Fleischer last night initiated coverage of Vontier (VNT) with an Overweight rating and $50 price target The company provides hardware and software solutions for the mobility ecosystem, the analyst tells investors in a research note. The firm believes Vontier s well positioned to benefit from the long-term growth tailwinds within the mobility ecosystem. The company has” market-leading positions” across most of its end markets, which are “primed for growth driven by secular tailwinds,” contends KeyBanc.