TD Cowen Reiterates Buy Rating on Fortive (FTV)

TD Cowen analyst Joseph Giordano reiterated a Buy rating and $90.00 price target on Fortive (NYSE: FTV).

The analyst commented, "Through an announced breakup of the company, FTV is transitioning its management team and alleviating M&A deal risk by committing to a buyback heavy allocation plan. Confidence in the strategy and effectiveness of M&A have been key hurdles that this move seeks to address. While one can question if the business truly needed to be split, investors likely embrace the decision."

For an analyst ratings summary and ratings history on Fortive click here. For more ratings news on Fortive click here.

Shares of Fortive closed at $71.69 yesterday.

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