Fortrea Reports Fourth Quarter and Full-Year 2024 Results; Issues Full-Year 2025 Guidance
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Fortrea (FTRE) PT Lowered to $12 at Citi
March 3, 2025 3:25 PM ESTCiti analyst Patrick Donnelly lowered the price target on Fortrea (NASDAQ: FTRE) to $12.00 (from $23.00) while maintaining a Neutral rating.
The analyst comments "On the call, management pointed to bad economics on pre-spin bookings as the reason for the 2025 guidance shortfall. Looking ahead, management... More
