Barclays lowered the firm’s price target on Vontier (VNT) to $50 from $55 and keeps an Overweight rating on the shares. The firm adjusted targets in the multi-industry group as part of a Q1 earnings preview. The sector faces “more demand question marks” but expectations are “somewhat re-based,” the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VNT:
- Vontier Secures $300 Million Short-Term Term Loan Facility
- Vontier price target lowered to $43 from $47 at Baird
- Vontier Announces Planned Board Transition as Director Retires
- Vontier appoints Rasha Hasaneen as chief innovation and growth officer
- Vontier appoints Rasha Hasaneen as chief innovation, growth officer