Fortive Corp
FTV: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.!%!Yg# | LOCK|W@Wk | LOCK|d%s>P?q |
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.
