Fortive Corp (FTV) Gets a Hold Rating from Credit Suisse

By Carrie Williams

Credit Suisse analyst John Walsh maintained a Hold rating on Fortive Corp (FTVResearch Report) today and set a price target of $75.00. The company’s shares closed last Monday at $68.74.

According to TipRanks.com, Walsh is a 4-star analyst with an average return of 15.1% and a 67.9% success rate. Walsh covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, General Electric, and Flowserve Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fortive Corp with a $79.43 average price target, representing an 11.3% upside. In a report issued on October 11, Morgan Stanley also maintained a Hold rating on the stock with a $70.00 price target.

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Fortive Corp’s market cap is currently $23.99B and has a P/E ratio of 9.28. The company has a Price to Book ratio of 3.42.

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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.