RBC Capital raised the firm’s price target on Fortive (FTV) to $79 from $78 and keeps a Sector Perform rating on the shares ahead of its Investor Day presentation discussion the Ralliant spin. For New-Fortive, the firm expects a portfolio review across workflow management software and healthcare businesses, spotlighting its high earnings visibility with above-50% recurring revenues, the analyst tells investors in a research note.

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• Fortive Shareholders Approve Key Proposals at Annual Meeting

• Early notable gainers among liquid option names on June 3rd

• Fortive price target raised to $86 from $84 at Barclays

• Fortive announces replenishment of buyback authorization to 20M shares

• Fortive’s Ralliant Secures Major Credit Agreement