RBC Capital Reiterates Sector Perform Rating on Veralto Corp. (VLTO)

RBC Capital analyst Deane Dray reiterated a Sector Perform rating and $101.00 price target on Veralto Corp. (NYSE: VLTO).

The analyst comments "We hosted high-demand Toronto investor meetings with Sector Performrated Veralto’s CFO on June-13, the same week as the big water tradeshow ACE24 in Anaheim (see our recap here). Veralto is one of the highest quality of earnings companies we follow according to our Investment Framework. Overall, we were impressed that investors appeared equally focused on Water Quality business as they were on Product Quality. Key discussion topics included capital allocation/ M&A, path for margin improvement, potential opportunities in PFAS, spinout learnings, and VES applications. There were a few questions about the implications of the pending DuPont Water Solution spinout."

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

Shares of Veralto Corp. closed at $101.01 yesterday.

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