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Investing.com - BMO Capital has raised its price target on Veralto Corp. (NYSE:VLTO) to $125.00 from $124.00 while maintaining an Outperform rating on Wednesday. The $26 billion market cap company currently trades at $105.90, with InvestingPro data showing the stock is trading above its Fair Value.
The research firm cited Veralto’s exceptional execution despite challenging market conditions, particularly highlighting the company’s performance in its European water business, which achieved 11.4% growth following strategic adjustments.
BMO Capital noted that Veralto delivered solid margin improvements across its Water segment and free cash flow that exceeded the company’s 90-100% conversion target, despite headwinds from tariffs and challenging macroeconomic conditions.
The firm expressed optimism about continued growth prospects in Veralto’s Water Quality (WQ) and Product Quality & Innovation (PQI) segments, along with expectations for profit and margin recovery in the PQI business.
BMO Capital suggested there could be upside potential to Veralto’s current guidance for earnings per share and free cash flow, supporting its decision to increase the price target.
In other recent news, Veralto Corporation reported impressive financial results for the second quarter of 2025. The company exceeded earnings per share (EPS) expectations with a reported EPS of $0.93, surpassing the forecasted $0.85. Revenue also came in higher than anticipated, reaching $1.37 billion compared to the projected $1.36 billion. Following these results, Veralto raised its guidance for the remainder of the year. Stifel responded to the strong performance by raising its price target for Veralto to $120, maintaining a Buy rating. Wolfe Research also showed confidence in the company’s growth outlook, upgrading Veralto’s stock rating to Outperform and setting a price target of $123. The firm expects continued positive estimate revisions and mid-single-digit organic growth to drive high-single-digit EPS growth. These developments highlight a period of positive momentum for Veralto in the financial markets.
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