Credit Suisse Remains a Hold on Fortive Corp (FTV)

By Ryan Adsit

In a report issued on September 5, John Walsh from Credit Suisse reiterated a Hold rating on Fortive Corp (FTVResearch Report), with a price target of $76. The company’s shares closed last Monday at $68.01.

According to TipRanks.com, Walsh is a 4-star analyst with an average return of 15.9% and a 72.9% success rate. Walsh covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Lennox International, and Flowserve Corp.

Currently, the analyst consensus on Fortive Corp is a Moderate Buy with an average price target of $81.

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The company has a one-year high of $89.48 and a one-year low of $62.89. Currently, Fortive Corp has an average volume of 1.78M.

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Fortive Corp. is a diversified industrial growth company, which designs, develops, manufactures, and markets professional and engineered products, software, and services for a variety of end markets. It operates through the following two segments: Professional Instrumentation and Industrial Technologies.