Fortive Corporation (FTV), a player in the professional tools and equipment sector, is set to separate into two independent public entities, with the aim of creating more focused strategies for growth. Several investment firms including
Ferguson Wellman Capital Management Inc. and nVerses Capital LLC have seemingly adjusted their stake in the company. While FTV has experienced some underperformance in the market in comparison to its competitors, it continues to be an object of interest for analysis, with
JPMorgan Chase & Co. upgrading its rating of the company to
'Overweight' and
Truist Financial raising the price target to $90.00. Despite missing Q2 revenue estimates, the company has seen an uptrend, which has been ascribed to its fundamentals.
Fluke Reliability, one of Fortive's subsidiaries, has been recognised as a leader within the Enterprise Asset Management space, further indicating the firm's innovative capacity. M&A activity includes FTV's acquisition of EA GmbH and German manufacturer
Elektro-Automatik. Nonetheless, FTV has faced some challenges including data breaches and apparent cyclical pressure within their end-market.
Fortive Corporation FTV News Analytics from Wed, 15 Jan 2020 08:00:00 GMT to Sat, 19 Oct 2024 16:38:54 GMT -
Rating 2
- Innovation 6
- Information 8
- Rumor -4
