Fortive Corporation (FTV) delivers an impressive Q3 2024 performance, surpassing earnings estimates, boosting EPS, and reporting growth in cash flow. Their Q3 revenue missed Wall Street's estimates, though figures were raised for the full-year 2024 outlook. Amidst these strong results,
Fortive announced strategic plans to split into two publicly-traded companies, likely to focus on different growth aspects of the business. There are various opinions on the market regarding the underperformance of
Fortive's stock compared to its competitors, however, many investors see the firm's fundamentals positively driving the stock. Notably,
Fortive revised its FY24 guidance amidst the announcement of its strategic split-plan. While some institutions reduced their shares in the company, Canoe Financial LP and others notably increased their holdings. Barclays dropped the corporation's price target to $95 from $98, while Truist Financial lowered it to $89.00. Despite a softer performance triggering the split, Fortive is gearing up for growth.
Fortive Corporation FTV News Analytics from Wed, 24 Apr 2024 07:00:00 GMT to Sat, 02 Nov 2024 13:39:11 GMT -
Rating 8
- Innovation 5
- Information 8
- Rumor -3
