Oklo stock tumbles as Financial Times scrutinizes valuation
Fortive Corporation (NYSE:FTV) announced in a press release statement that Stacey Walker, Senior Vice President and Chief People Officer, notified the company on Monday of her decision to retire. Walker’s retirement will be effective January 2, 2026.
The announcement was disclosed in a filing with the U.S. Securities and Exchange Commission. No additional details regarding the transition or succession plans were provided in the filing.
Fortive Corporation is based in Everett, Washington, and is listed on the New York Stock Exchange under the ticker FTV. The company’s stock currently trades near its 52-week low, suggesting potential value opportunity based on InvestingPro’s Fair Value analysis.
In other recent news, Fortive Corporation reported its second-quarter 2025 earnings, with an adjusted earnings per share (EPS) of $0.58, narrowly missing the forecasted $0.59. The company’s revenue for the quarter was $1.02 billion, aligning with expectations. In analyst updates, JPMorgan downgraded Fortive from Overweight to Neutral, citing growth concerns and adjusting its price target to $53.00. Morgan Stanley also downgraded Fortive to Equalweight, reducing its price target significantly to $50.00, following the company’s RAL separation. Barclays joined in downgrading Fortive to Equalweight, lowering its price target to $54.00 due to a challenging outlook for the second half of the year. Truist Securities downgraded Fortive to Hold, setting a new price target of $55.00, as the company completed its spin-off of PT and appointed new management. These developments highlight the current challenges and adjustments Fortive is experiencing in the market.
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