Palmetto Grain Brokerage - Is Wall Street Bullish or Bearish on Fortive Stock?

Fortive Corporation (FTV) has underperformed the broader market over the past year but has seen a YTD increase of 8.9%. The company recently reported better-than-expected Q4 results, with revenue up 4.6% and adjusted EPS up 12.5%. Out of 20 analysts, the consensus rating is “Hold,” although some have “Strong Buy” and “Strong Sell” ratings, with one analyst maintaining a “Buy” rating and raising the price target to $70.