Key Summary: On October 17, 2023, Starboard Value (5%) announced plans to advocate for margin-boosting changes and other initiatives to enhance share-price appreciation, noting that the company trades at an attractive valuation relative to peers given its margin improvement potential. They projected a significant share price upside of approximately 60% to 144%.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. Also, it opines that there is significant share price ~60% to ~144% upside potential at the company. Source
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