Goldman Sachs Raises Vontier Price Target After Earnings Beat

Goldman Sachs has raised its price target for Vontier Corp. (NYSE:VNT) to $39 from $37, while maintaining a Neutral rating on the shares.

The industrial technology company delivered a $10 million EBIT beat versus Goldman Sachs and Visible Alpha Consensus Data, although this included $9 million from tariff refunds.

Vontier reported organic sales growth of negative 0.2%, which was above Goldman Sachs' expectations of negative 1.3%.