Reported 2 days ago
TD Cowen has downgraded Fortive Corporation's (FTV) stock from 'Buy' to 'Hold,' reducing its price target to $50 from $85. The downgrade follows concerns about the company's growth trajectory post-spinoff of Ralliant, revealing a slowdown in its strongest business unit and lagging performance against competitors. Despite Fortive's strong financials and plans for profitable growth, analysts believe that other AI stocks may offer better investment potential.
Source: YAHOO