Bruker (BRKR) Reports In-Line Q3 EPS ; Offers Guidance
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Bruker (BRKR) PT Lowered to $80 at JPMorgan
November 5, 2024 2:56 PM ESTJPMorgan analyst Tycho W. Peterson lowered the price target on Bruker (NASDAQ: BRKR) to $80.00 (from $90.00) while maintaining a Overweight rating.
The analyst comments "This morning, as we highlighted in our first take, Bruker (BRKR) reported a slight 3Q miss with revenues of $864.4M (vs. Street of $866M), underpinned by organic growth of +3.1% (vs. Street +4.9%, and guidance of +MSD), while adj. EPS came in at $0.60 in line with the Street of $0.60. The quarter was characterized by softer China... More
