Fortive Corp
FTV: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.Z<gDw% | LOCK|?@nFP | LOCK|YRmjF## |
Fortive Earnings: Positive Core Revenue Growth Despite Slowdown in China and Sensing Businesses
We’ve trimmed our fair value estimate for narrow-moat-rated Fortive to $87 per share from $89 to reflect our slightly more muted near-term revenue growth projections, partially offset by the time value of money. The shares are currently trading at a roughly 26% discount to our fair value estimate, which we see as an attractive entry point.
