FeesSafety
Pluang+

Fortrea Holdings rated buy on operational improvements and positive order trends despite revenue drop

Analyst Insights
13 Nov 2026, 12:27 WIB
Seeking Alpha
View Source
Bullish
Fortrea Holdings rated buy on operational improvements and positive order trends despite revenue drop

Fortrea Holdings received a buy rating due to its operational restructuring and improving profitability, highlighted by a 14.4% rise in adjusted EBITDA to $58M and an increase in adjusted EPS to $0.28 in Q3 2026. The company shows signs of revenue stabilization with a book-to-bill ratio of 1.12x and expanded clinical trial capacity, signaling growth potential. However, risks remain from debt levels, integration challenges, and competitive pressures. The valuation appears attractive, but investors should monitor backlog quality and execution risks closely.

Fortrea Holdings is the subject of this report, providing context from Pluang's Health sector data. For readers following health stocks, here is Pluang's market snapshot as of Nov 13, 2026 14:11 WIB: out of 150 priced US health stocks, 49 rose and 97 fell. Notable movers include BFLY at USD 6.71 with a -6.02% change, IOVA at USD 7.62 with a -5.81% change and a Pluang order activity of 38% Sell / 62% Buy, and ROIV at USD 39.50 with a -5.62% change.

More News

Investec Bank Plc disclosed sale of 25,000 shares in Logistics Development Group on Nov 12, 2026.

Investec Bank Plc disclosed sale of 25,000 shares in Logistics Development Group on Nov 12, 2026.

Investec Bank Plc, acting as an exempt principal trader and advisor to DBAY Advisors Limited, disclosed the sale of 25,000 ordinary shares of Logistics Development Group Plc on November 12, 2026. The shares were sold at a price of 23 per unit. There ...

Market News
Neutral
1 hour ago
Investec Bank discloses share dealings for Advanced Medical Solutions Group on Nov 12, 2026.

Investec Bank discloses share dealings for Advanced Medical Solutions Group on Nov 12, 2026.

Investec Bank Plc, acting as advisor and joint broker to Advanced Medical Solutions Group Plc, disclosed public dealings in the company's ordinary shares on November 12, 2026. The bank purchased 345,456 shares at prices between 282.561 and 283 pence ...

Market News
Neutral
1 hour ago
Ondas Holdings raises 2026 revenue target, Q3 revenue beats estimates but reports wider loss.

Ondas Holdings raises 2026 revenue target, Q3 revenue beats estimates but reports wider loss.

Ondas Holdings increased its 2026 revenue target to at least $550 million and projects $1.1 billion in sales for 2027, driven by strong growth and planned production expansion. The company reported Q3 revenue of $167.49 million, surpassing estimates ...

Analyst Insights
Neutral
1 hour ago
Philippines solar market to hit 23.35 GW by 2032, growing at 27.46% CAGR driven by cheaper costs and corporate demand

Philippines solar market to hit 23.35 GW by 2032, growing at 27.46% CAGR driven by cheaper costs and corporate demand

The Philippines solar energy market is projected to grow from 5.43 GW in 2026 to 23.35 GW by 2032, with a CAGR of 27.46%. Growth is fueled by declining costs of solar panels and installation, government-backed renewable energy auctions, and increasin...

Market News
Bullish
1 hour ago
Equinor shares trade ex-dividend for Q2 2026 with a $0.39 payout starting Nov 13.

Equinor shares trade ex-dividend for Q2 2026 with a $0.39 payout starting Nov 13.

Equinor ASA shares will trade ex-dividend on the Oslo Stock Exchange starting November 13, 2026, for the second quarter of 2026. The declared dividend amount is $0.39 per share, payable in USD. This means investors buying shares from this date will n...

Company Fundamentals
Neutral
2 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App