Fortive to spin off precision tech segment, shares rise
** Industrial products maker Fortive's FTV.N shares rise 4% to $74.50 premarket
** Fortive to spin off its precision technologies segment by Q4 2025 into another listed company
** Segment makes electrical testing and measurement equipment
** Fortive CEO James Lico to retire; will be succeeded by Olumide Soroye, the president and CEO of company's intelligent operation solutions segment
** 13 of 20 brokerages rate the stock "buy" or higher and 7 "hold"; median PT $83.50 - LSEG
** Fortive's shares down 2.63% YTD as of last close
Reporting by Anshuman Tripathy in Bengaluru
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