Fortive Corporation (NYSE:FTV) was downgraded by TD Cowen from “Buy” to “Hold” with a price target of $50, citing concerns about growth post-spinoff of Ralliant. The company’s strongest business unit has slowed down, with other segments struggling to keep up with competitors.

Fortive Corporation (NYSE:FTV) highlights strong financials, recurring revenue, and growth strategies for profitable returns. The company plans to focus on accelerating growth through the Fortive Business System and capital allocation strategies to drive shareholder value.

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For more insights on AI stocks, explore Analysts’ recommendations for cheap AI stocks and unstoppable growth stocks. This article is originally published on Insider Monkey.

Read more at Yahoo Finance: TD Cowen Downgrades Fortive Corporation (FTV) Stock