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Stock impact report

Why Fortrea (FTRE) Stock Is Trading Up Today [Yahoo! Finance]

Fortrea Holdings Inc. (FTRE) 
Company Research Source: Yahoo! Finance
The firm pointed to a quickening biopharma cycle and the company's own improved execution as the main reasons for the upgrade. The analyst noted that Fortrea was delivering revenue and profit margins that beat market expectations. At the same time, the company was also making progress on its efforts to reduce debt. The shares closed the day at $16.51, up 3.4% from previous close. Is now the time to buy Fortrea? Access our full analysis report here, it's free Fortrea's shares are extremely volatile and have had 73 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 28 days ago when the stock gained 8% on the news that an analyst at Mizuho raised the firm's price target on the stock while maintaining a Neutral rating. Analyst Ann Hynes kept a neutral stance on Fortrea Holdings but lif Show less Read more
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