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Fly News Breaks for July 26, 2019
FTV
Jul 26, 2019 | 14:51 EDT
Raymond James analyst Brian Gesuale reiterated an Outperform rating on Fortive, but lowered his price target on shares to $84 from $88 following the company's "mixed" Q2 earnings results and lowered guidance. However, the analyst is reiterating his Outperform based on the company "hitting the mark" on the core parts of the firm's thesis with "M&A successes, increased exposure to key secular themes and strong annual cash generation."
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