Jefferies has revised its outlook on Danaher Corporation (DHR, Financial), reducing the company's price target to $230 from a previous $260. Despite this adjustment, the firm reaffirmed its Buy rating for the stock. According to Jefferies analyst Tycho Peterson, the recent first-quarter performance of Danaher met expectations, especially due to its success in the flu sector.
The analyst highlighted that bioprocessing trends are playing a crucial role in restoring confidence among investors and management in this particular market segment. While acknowledging prevailing market sentiments and macroeconomic challenges, Jefferies remains optimistic about the potential for Danaher shares to appreciate further. The analyst also noted that merger and acquisition opportunities could serve as an additional catalyst for stock growth. Overall, the outlook suggests that Danaher is well-positioned to navigate current headwinds while capitalizing on strategic opportunities.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Danaher Corp (DHR, Financial) is $252.43 with a high estimate of $310.00 and a low estimate of $205.00. The average target implies an upside of 29.48% from the current price of $194.95. More detailed estimate data can be found on the Danaher Corp (DHR) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, Danaher Corp's (DHR, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Danaher Corp (DHR, Financial) in one year is $242.21, suggesting a upside of 24.24% from the current price of $194.95. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Danaher Corp (DHR) Summary page.
