Jefferies Raises Price Target on Danaher (DHR) to $93 Following 2Q Earnings Report

Jefferies reiterated a Buy rating on Danaher (NYSE: DHR), and raised the price target to $93.00 (from $92.00), following the company's 2Q earnings report. DHR reported EPS of $1.25, $0.03 ahead of the consensus estimates. Management issued revised 2016 standalone EPS guidance of $3.53-3.60.

Analyst Brandon Couillard commented, "Following a solid 2Q beat, we are modestly raising our 2016-18 EPS forecasts to reflect revised post-spin guidance (lower interest exp, tax rate). With the spin now behind it, we continue to view DHR as a top large cap pick in our coverage, given its accelerating core growth, longer margin runway & BS optionality—all of which support an above-avg EPS growth outlook & premium multiple."

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 $81.29 yesterday.

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