Veralto price target raised to $109 from $106 at Wolfe Research
Wolfe Research raised the firm's price target on Veralto to $109 from $106 and keeps an Outperform rating on the shares. The firm expects that Industrial water demand trends are progressing better than what is embedded in Q1 guidance. Buybacks will likely continue in Q2, supporting a potential raise to the EPS outlook, the analyst tells investors in a research note.
Wolfe Research raised the firm's price target on Veralto to $109 from $106 and keeps an Outperform rating on the shares.
The firm expects that Industrial water demand trends are progressing better than what is embedded in Q1 guidance.
Buybacks will likely continue in Q2, supporting a potential raise to the EPS outlook, the analyst tells investors in a research note.