Vontier price target raised to $44 from $40 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Vontier (VNT) to $44 from $40 and keeps a Neutral rating on the shares. The company delivered a 8% segment operating income beat vs. estimates, driven by strength in the Mobility Tech and Environment & Fueling Systems, the analyst tells investors in a research note. The firm adds however that Repair Solutions remained weak given ongoing pressure on technician spend despite the shift of Matco Expo sales into the quarter.