Fortive (FTV) Got Some Good News

In a report released today, Stephen Tusa from J.P. Morgan upgraded Fortive (FTVResearch Report) to Buy, with a price target of $80.00. The company’s shares closed last Friday at $71.57.

According to TipRanks.com, Tusa is a 5-star analyst with an average return of 13.7% and a 69.4% success rate. Tusa covers the Industrial Goods sector, focusing on stocks such as Honeywell International, Wesco International, and Rockwell Automation.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fortive with a $79.56 average price target, a 12.0% upside from current levels. In a report issued on May 19, Robert W. Baird also maintained a Buy rating on the stock with a $80.00 price target.

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The company has a one-year high of $82.12 and a one-year low of $57.39. Currently, Fortive has an average volume of 2.2M.

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Incorporated in 2015 and headquartered in Washington, Fortive Corp. is a diversified industrial growth company. The company is engaged in the design, development, manufacturing, and marketing of professional and engineered products, software, and services for a variety of end markets. It operates through the Professional Instrumentation and Industrial Technologies segments.