Information Provided By:
Fly News Breaks for October 28, 2019
FTV
Oct 28, 2019 | 07:51 EDT
Argus analyst John Eade downgraded Fortive to Hold after its in-line Q3 results and a cut in FY19 guidance last week, stating that while the company's earnings continue to grow, the growth is mainly through acquisitions as its core markets are slowing. The analyst further states that the stock price has fallen about 16% over the past 3 months and sees its latest business transaction adding more uncertainty to its outlook. Eade contends that the premium valuation on Fortive is no longer warranted given the slowdown in its growth.
News For FTV From the Last 2 Days
There are no results for your query FTV