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Fortive Corp (NYSE:FTV) has been downgraded to Hold in a report by Zacks Investment Research today.

Zacks Investment Research has downgraded Fortive Corp (NYSE:FTV) to Hold in a statement released on 05/25/2017.

On 5/03/2017, Morgan Stanley released a statement on Fortive Corp (NYSE:FTV) bumped up the target price from $61.00 to $65.00. At the time, this indicated a possible upside of 0.04%.

Boasting a price of $63.11, Fortive Corp (NYSE:FTV) traded 0.96% higher on the day. With the last stock price close up 10.70% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. Fortive Corp has recorded a 50-day average of $63.82 and a two hundred day average of $60.68. Volume of trade was down over the average, with 1,117,712 shares of FTV changing hands under the typical 1,367,010

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Fortive Corp (NYSE:FTV)

Fortive Corp has a 52 week low of $46.81 and a 52 week high of $67.20 with a P/E ratio of 26.46 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 5 brokers have issued a research note on Fortive Corp. The 12-month price target is $52.00 with zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

More About Fortive Corp (NYSE:FTV)

Fortive Corporation is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies. The Company's brands operate in field instrumentation, transportation, sensing, product realization, automation and specialty, and franchise distribution markets. The Professional Instrumentation segment offers essential products, software and services used to create actionable intelligence by measuring and monitoring a range of physical parameters in industrial applications, including electrical current, radio frequency signals, distance, pressure and temperature. The Industrial Technologies segment offers critical technical equipment, components, software and services for manufacturing, repair and transportation markets around the world.

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