Starboard Value Reveals Plans for Margin Boost and 60-144% Share Price Upside at Fortrea Holdings

Key summary: On Oct 17, 2023, Starboard announced plans for Fortrea Holdings to enhance margins and drive share-price growth, citing attractive valuation and potential for 60% to 144% upside.

Market Cap: $3 billion| Fortrea Holdings Inc. provides clinical development and patient access solutions to the life sciences industry.  

On October 17, 2023, Starboard Value (5%) announced its plans to push for changes that could boost margins among other initiatives aimed at share-price appreciation. It stated that the company trades at an attractive valuation relative to peers considering the margin improvement potential.

Valuation insight

It opines that there is significant share price ~60% to ~144% upside potential at the company. Source