Fortive (FTV) Stock: $72 Target And Overweight Rating

By Amit Chowdhry ● Aug 4, 2022
  • The shares of Fortive (FTV) recently received a $72 price target from Barclays. These are the details.

The shares of Fortive (FTV) recently received a $72 price target from Barclays. And Barclays analyst Julian Mitchell increased the price target from $68 while maintaining an “Overweight” rating on the shares. 

Mitchell adjusted the rating following the second quarter earnings. Based on the earnings report, Mitchell left the earnings estimates largely unchanged. 

But going forward, Mitchell sees encouraging progress to a valuation re-rating for the company.