Fortrea Holdings Shares Surge on Analyst's Price Target Hike

Fortrea Holdings stock surged by 5.7% in morning trading following Mizuhos analyst Ann Hynes raising her price target from $11 to $13, indicating a more positive outlook. Despite the initial jump, shares settled at $16.90, still a 4.4% increase from the previous day. The companys shares have been volatile, currently down 9.4% this year and 14.4% below its 52-week high. An investment of $1000 at IPO would now be worth $561.30.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.