Wells Fargo has decided to maintain its Equal-Weight rating of Fortive FTV and lower its price target from $58.00 to $57.00.
Shares of Fortive are trading down 1.22% over the last 24 hours, at $54.09 per share.
A move to $57.00 would account for a 5.38% increase from the current share price.
Fortive is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $5.3 billion in revenue and $1.2 billion in adjusted operating income in 2021.
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