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Evercore以宏观环境疲软为由，将Fortrea削减至一致
2024-08-09 02:39
- Evercore投行(EVR) 0
- Fortrea Holdings Inc. - Common Stock(FTRE) 0
- iShares LifePath Target Date 2025 ETF USD(ITDA) 0
- Evercore ISI has downgraded Fortrea (NASDAQ:FTRE) to in line, citing a weakening macro environment.
- “We are moving to the sidelines on FTRE this morning as weaker biotech funding data and pharma R&D spend along with weakening forward indicators for peers who have already reported point to a decelerating demand environment,” the analysts wrote in their note.
- Evercore said it was lowering its revenue estimates to reflect the macro view along with EBITDA estimates, although it does see improvement in the company’s EBITDA margins through the second half of 2024.
- The investment firm lowered its price target for the stock to $27 from $31.
More on Fortrea Holdings
- Fortrea Holdings Inc. (FTRE) Q1 2024 Earnings Call Transcript
- Fortrea Holdings Inc. 2024 Q1 - Results - Earnings Call Presentation
- Fortrea Holdings: Still Many Question Marks On This CRO Play
- Mizuho starts Fortrea at neutral, cites low near-term earnings visibility
- Seeking Alpha’s Quant Rating on Fortrea Holdings
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