RBC Capital raises Fortive's price target to $79, emphasizing high earnings visibility and recurring revenues

From Yahoo Finance: 2025-06-10 09:15:00

RBC Capital raised Fortive’s price target to $79 from $78, maintaining a Sector Perform rating ahead of its Investor Day presentation on the Ralliant spin. The firm anticipates a portfolio review focusing on workflow management software and healthcare businesses, highlighting high earnings visibility with over 50% recurring revenues.

Source: TheFly

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Read more: Fortive price target raised to $79 from $78 at RBC Capital