Vontier double downgraded to Underperform at BofA

As previously reported, BofA double downgraded Vontier (VNT) to Underperform from Buy with a price target of $40, down from $50. The firm sees shares as unlikely to outperform over the next 12 months given risks to 2026 estimates, tough comparisons for high-margin Invenco payments revenue, and little exposure to either cyclical or thematic drivers of top-line growth, the analyst tells investors.