The **Fortive Corporation (FTV)** is planning to separate into two publicly-traded companies, a move viewed by some as a potential catalyst for stock growth. However, the company is currently underperforming in the market, even as more shares are being purchased by major players such as First Hawaiian Bank and Nordea Investment Management. On the flip side, institutions like Diversified Trust Co., Mar Vista Strategic Growth Strategy, and JPMorgan Chase & Co. are selling their stakes. While some investors anticipate positive results from Fortive's next quarterly earnings report, the company has recently disappointed by missing Q2 revenue estimates. Despite a few missed targets, the firm still shows strong growth in EPS and Cash Flow, suggesting robust financial health. Well Fargo & Company has raised the Fortive's price target to $80.00, while Barclays has a higher target at $90.00. Still, some investors express caution about Fortive’s route, noting a significant increase in short interest. The company has a presence in the AI industry and is considered as one of the chip stocks powering the boom. Additionally, Fortive holds a position among billionaire hedge-fund manager Halvorson’s top stock picks.
Fortive Corporation FTV News Analytics from Fri, 12 Aug 2016 06:21:09 GMT to Fri, 10 Jan 2025 09:03:42 GMT -
Rating 5
- Innovation 4
- Information 8
- Rumor -7
