2021-02-17 06:56:44 FTV Fortive
Vontier
02/17/21 02/1706:56 02/17/2106:56 | Fortive downgraded to Equal Weight at Morgan Stanley after re-ratingAs previously reported, Morgan Stanley analyst Joshua Pokrzywinski downgraded Fortive (FTV) to Equal Weight from Overweight with an unchanged price target of $75. The shares have rerated post the Vontier (VNT) spin, noted Pokrzywinski, who now sees a more balanced risk/reward. While he sees continued recovery on the core business and earnings accretion from deals over the next 12-18 months, he also sees less upside from multiple expansion due to derating of other premium peers and some risk that M&A is viewed as too expensive, Pokrzywinski tells investors. Fortive
Vontier
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