Argus Starts Fortive (FTV) at Hold

September 8, 2016 7:29 AM EDT
Get Alerts FTV Hot Sheet
Price: $47.92 -1.3%

Rating Summary:
    5 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 23 | New: 30
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Argus initiates coverage on Fortive (NYSE: FTV) with a Hold rating.

The analyst said unlike former parent Danaher the company will rely heavily on management’s ability to make attractive acquisitions and to improve margins and earnings at acquired companies.

The firm would look for a non-fundamental selloff to the upper $40s as a potential upgrade trigger.

For an analyst ratings summary and ratings history on Fortive click here. For more ratings news on Fortive click here.

Shares of Fortive closed at $52.94 yesterday.

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