Veralto Corporation (VLTO) has generally garnered a positive outlook over recent events. Major investment firms are adjusting their stakes in VLTO, citing promising growth catalysts in operating segments and solid Q3 earnings. The Q3 revenues were in line with expectations, and the reported EPS surpassed forecasts. Factors contributing to VLTO's bullish performance include its successful water solution initiatives, leading to a subsequent lift in profit forecasts. Short interest in Veralto's shares experienced updates; more firms increased their holdings, while some trimmed their positions. SG Americas Securities sold its VLTO shares, while abrdn plc, Mirae Asset Global Investments, DekaBank, Eastern Bank, and Addison Capital acquired more. Veralto's share price has reached a new annual high. The predicted price target for Veralto's shares has been pegged at $108 by Brokerages, and subsequently raised to $111 by RBC Capital. VLTO's balance sheet remains robust, and the company slated to release more quarterly earnings. Negative views include warnings that their share price growth may not be fully supported by the fundamentals.
Veralto Corporation VLTO News Analytics from Fri, 08 Sep 2023 07:00:00 GMT to Sat, 02 Nov 2024 08:44:16 GMT -
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