Mizuho Securities has revised its price target for Fortive Corporation (FTV, Financial), reducing it from $97 to $85 while maintaining an Outperform rating on the stock. The adjustment comes in anticipation of the earnings season as the firm accounts for a slowdown in short-term demand and potential tariff-related financial impacts.
According to Mizuho analyst Brett Linzey, current assessments for the first quarter have generally aligned with expectations. However, the recent surge in market developments has shifted investor focus away from the immediate quarter's performance. The analyst emphasizes that escalating tariffs, especially those involving China, are expected to have adverse effects.
As a result, companies have begun to increase prices proactively. Despite these efforts, Mizuho anticipates that some negative financial impacts might persist, creating challenges that are not entirely offset. This proactive move by companies indicates potential cost pressures and pricing adjustments in the industry.
