Wolfe Research Upgrades Danaher (DHR) to Outperform

Wolfe Research analyst Doug Schenkel upgraded Danaher (NYSE: DHR) from Peerperform to Outperform with a price target of $285.00.

The analyst comments "DHR shares have fallen >10% over the past week, a move we feel is unwarranted given the fundamental setup remains unscathed. For 2025, our model currently contemplates ~6% core top-line growth and ~29% operating margin, translating to EPS of $8.25 (note: we believe our model should adequately capture "the bottom" in terms of 2025 estimates). We expect that over the course of the next 12 months, (a) shares should see some degree of multiple expansion and (b) there will be upward revisions to consensus EBITDA & EPS estimates throughout FY:25 – both dynamics in action should drive shares to/beyond our $285 Price Target and lead the stock to outperform peers."

For an analyst ratings summary and ratings history on Danaher click here. For more ratings news on Danaher click here.

Shares of Danaher closed at $242.32 yesterday.

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