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Wolfe upgrades Veralto to Outperform on positive revision trend

Wolfe Research analyst Nigel Coe upgraded Veralto (VLTO) to Outperform from Peer Perform with a $123 price target The firm sees the company’s positive estimate trend continuing. Veralto should return to mid-single-digit organic growth and high-single-digit earnings growth, which will rebut the bear thesis, the analyst tells investors in a research note. Wolfe sees an attractive relative valuation at current shared levels.

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