Veralto price target raised to $111 from $108 at RBC Capital

RBC Capital raised the firm’s price target on Veralto (VLTO) to $111 from $108 and keeps a Sector Perform rating on the shares after its Q3 earnings beat and guidance raise. The overall quality of earnings was solid, with as-expected 4.5% organic growth, 63% incrementals, and 98% free cash flow conversion, the analyst tells investors in a research note.