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. The company delivered a modest Q3 beat with good earnings quality, driven by better-than-expected Water Quality margins and high single digit percent growth in recurring revenue, the analyst tells investors in a research note.