Veralto price target lowered to $108 from $116 at BMO Capital

BMO Capital lowered the firm’s price target on Veralto (VLTO) to $108 from $116 and keeps an Outperform rating on the shares after its Q4 results. Another mid-high single digit EPS growth target to start the year has investors questioning if the valuation is too lofty for such growth and if recent “expensive” M&A will continue to trip the 10% growth algo, the analyst tells investors in a research note.