Evercore ISI raised the firm’s price target on Vontier (VNT) to $49 from $47 and keeps an Outperform rating on the shares. The firm adjusted models in the machinery group following the Q2 reports. The analyst sees an upward bias to earnings estimates driving further multiple expansion in the sector. Evercore’s top pick in the group is Cummins (CMI).
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Read More on VNT:
- Vontier upgraded to Buy from Hold at Argus
- Vontier price target raised to $50 from $47 at UBS
- Vontier price target raised to $45 from $40 at Baird
- Vontier price target raised to $49 from $48 at Barclays
- Vontier’s Strong Q2 Performance and Promising Outlook Justify Buy Rating and Increased Price Objective