Mizuho lowers Fortive to 'underperform'; shares fall

Shares of industrial equipment maker Fortive FTV.N fall 4% to $53.2 in early trading

Mizuho downgrades co to "underperform" from "outperform"

Cuts PT to $51 from $54; new PT represents 8% downside on stock's last close

Brokerage says it expects slow start to 2026 across more than half of FTV's portfolio (government, medical, retail/consumer) as funding delays and uncertainty persists