Argus downgraded Vontier to Hold from Buy. The stock has underperformed over the past three months with a 28% decline as the company's current EPS growth rate is below the management's target with little likelihood of a forthcoming acceleration, the analyst tells investors in a research note. The current low multiples on the stock are reasonable, and given Vontier's slower-than-forecast growth, they are consistent with a Hold rating, the firm added.
