Fortive Corp

FTV: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Fortive Earnings: Software Momentum and Healthcare Recovery Drive Improved Outlook

We’ve modestly bumped our fair value estimate for narrow-moat-rated Fortive up to $89 from $88 after the company reported its second-quarter earnings. This reflects our slightly more optimistic near-term revenue growth projections as well as time value of money. The stock is currently trading in 4-star territory, which we view as an attractive entry point.

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