** Shares of industrial products maker Fortive FTV.N fall 2.2% to $51 premarket after TD Cowen trims stock rating to "hold" from "buy"
** "With the spin of Ralliant RAL.N now complete, the call on new FTV becomes less clear with its best business decelerating after a strong run and the rest struggling to meet expectations" - brokerage
** Last month, FTV completed RAL separation which it announced in September last year
** Brokerage also trims FTV PT to $50 from $85; a 4% downside to stock's last close
** Initiates coverage on RAL with "buy" rating, PT at $64
** Median PT of 21 brokerages covering FTV is $63 - LSEG data
** As of last close, FTV was down 7.7% YTD
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com))
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