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Investing.com - Wolfe Research upgraded Veralto Corp. (NYSE:VLTO) stock rating from Peerperform to Outperform on Tuesday, setting a price target of $123.00. The $26 billion market cap company currently trades at $106.27, with a strong analyst consensus rating of 1.88 (Buy).
The research firm cited expectations for continued positive estimate revisions and a return to mid-single-digit organic growth that would drive high-single-digit EPS growth.
Wolfe Research noted that relative valuation compression has created an "interesting entry point" for investors considering the stock.
The firm also mentioned the potential for acceleration in Veralto’s merger and acquisition activities, referring to it as an "M&A flywheel" that may gain momentum.
Veralto Corp., which was upgraded on July 29, received the new $123.00 price target alongside the improved rating from Peerperform to Outperform.
In other recent news, Veralto Corporation reported stronger-than-expected earnings for the second quarter of 2025. The company achieved an earnings per share (EPS) of $0.93, surpassing the forecasted $0.85. Revenue also exceeded projections, reaching $1.37 billion compared to the anticipated $1.36 billion. These financial results highlight Veralto’s solid performance in the recent quarter. Despite the positive earnings and revenue figures, the stock experienced a minor decline in after-hours trading. Analysts continue to monitor the company’s performance closely following these developments. Investors may find these results noteworthy as they consider their positions in Veralto.
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