Fortrea (FTRE) PT Lowered to $30 at Citi
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Go back to Fortrea (FTRE) PT Lowered to $30 at Citi
August 12, 2024 1:47 PM EDT
Evercore ISI analyst Elizabeth Anderson lowered the price target on Fortrea (NASDAQ: FTRE) to $22.00 (from $27.00) while maintaining a In Line rating.
The analyst comments "If you thought we were done with Olympic themed titles just because the closing ceremony was this weekend,... More
August 12, 2024 7:04 AM EDT
FTRE (NASDAQ: FTRE) reported Q2 EPS of ($0.03), $0.27 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $662.4 million versus the consensus estimate of $797.5 million.
GUIDANCE:
FTRE sees FY2024 revenue of $2.7-2.75 billion, versus the consensus of $2.8... More
August 8, 2024 5:44 AM EDT
Evercore ISI analyst Elizabeth Anderson downgraded Fortrea (NASDAQ: FTRE) from Outperform to In Line with a price target of $27.00 (from $31.00).
The analyst comments "We are moving to the sidelines on FTRE this morning as weaker biotech funding data and pharma R&D spend along with weakening forward indicators for peers who have already reported point to a... More
