HALISTER1: Danaher Indicated Higher Following Credit Suisse Upgrade

Danaher Indicated Higher Following Credit Suisse Upgrade

(Bloomberg) -- DHR indicates $84.56-$85.32 vs $83.92 close after Credit Suisse analyst Erin Wilson Wright upgraded to outperform from neutral and raised PT to $93 from $80.
  • Says innovation, rising exposure to recurring revenue and penetration into high-growth geographies should drive organic revenue growth
    • Sees profit opportunities as underappreciated
  • Sees "disciplined capital deployment" with likely bolt-on deals near term, in the range of $0.5b-$1b
  • Reiterates 2017 EPS of $3.94; raises 2018 EPS to $4.30 from $4.22 on "incrementally positive" outlook
  • DHR has 17 buys, 7 holds, 0 sells, avg PT $89: Bloomberg
  • NOTE: Yday, Danaher 4Q Adj. EPS Cont. Ops. Beats Est.
To contact the reporter on this story: Tatiana Darie in New York at tdarie1@bloomberg.net To contact the editors responsible for this story: Arie Shapira at ashapira3@bloomberg.net Will Daley
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Erin Wilson Wright (Credit Suisse Holdings USA Inc)

To de-activate this alert, click here

UUID: 7947283