Fortrea (FTRE) News Today

Fortrea Holdings Inc. (NASDAQ:FTRE) shares have climbed amid a mix of analyst actions and ratings updates. Investors are reacting to upgrades and price‐target increases from major research firms, even as some continue to rate the stock unfavorably. Below is a summary of the key developments from the last 24–36 hours:

• Positive Sentiment: Zacks Research upgraded FTRE from a “hold” to a “strong‐buy,” signaling increased confidence in the company’s outlook. Zacks.com
• Positive Sentiment: Evercore ISI raised its price target on FTRE from $7.00 to $11.00 (implying ~2.3% upside) and forecast strong price appreciation, which led the stock to gap up on the upgrade. Evercore ISI Price Target Raise
• Neutral Sentiment: Short interest remained at zero shares as of October 9, leaving the days‐to‐cover ratio at 0.0 days—an unchanged level from late September. (No link available)
• Neutral Sentiment: Evercore ISI also maintained an “in‐line” rating on the stock, reflecting a hold view alongside the new target. Evercore ISI In‐Line Rating
• Neutral Sentiment: Market commentary explained why FTRE stock is up today, largely attributing the move to the recent analyst upgrades and target increases. Market Commentary
• Negative Sentiment: Weiss Ratings reiterated a “sell (D-)” rating on FTRE shares, maintaining its cautious stance despite the positive analyst actions. Weiss Ratings