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Fly News Breaks for May 8, 2019
FTV
May 8, 2019 | 07:39 EDT
As previously reported, Morgan Stanley analyst Joshua Pokrzywinski downgraded Fortive to Equal Weight from Overweight citing the stock's valuation after a 29% year-to-date advance as well as the sector valuation of "high quality industrials," like Fortive, which he notes are at elevated levels compared to more cyclical names. Pokrzywinski also noted that 2019 earnings growth assumes a strong ramp in profitability in the second half, leaving less room for upside. He trimmed his price target on Fortive shares to $88 from $89.
News For FTV From the Last 2 Days
FTV
Apr 25, 2024 | 09:48 EDT
FTV
Apr 25, 2024 | 09:46 EDT
FTV
Apr 25, 2024 | 07:20 EDT
FTV
Apr 25, 2024 | 07:15 EDT
FTV
Apr 24, 2024 | 16:14 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
FTV
Apr 24, 2024 | 13:04 EDT
FTV
Apr 24, 2024 | 07:35 EDT
FTV
Apr 24, 2024 | 07:34 EDT
Sees Q2 revenue $1.6B, consensus $1.62B. The company said, "For the second quarter of 2024, Fortive anticipates revenue of approximately $1.6 billion, diluted net earnings per share of $0.57 to $0.60 and adjusted diluted net earnings per share of $0.90 to $0.93."
