Vontier’s recent weakness offers buying opportunity, says Argus

Argus analyst John Eade keeps a Buy rating and $47 price target on Vontier (VNT) while noting that the stock’s recent weakness offers a buying opportunity. The company is working to diversify the business through acquisitions that will support electric-vehicle charging infrastructure and smart energy management, and the firm has a favorable view of Vontier’s recent acquisitions and new products, with demand that is also starting to pick up, the analyst tells investors in a research note.