UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Danaher Corporation
In a report published Wednesday, Jefferies & Company reiterated its Buy rating on Danaher Corporation (NYSE: DHR), and slightly raised its price target from $65.00 to $66.00.
Jefferies noted, “DHR pre-released 4Q12 organic revenue growth of >3%, well above our (+1%) and the consensus views, aided by a robust December showing. The stronger core revenue experience is expected to push 4Q12 EPS above the high-end of its prior range ($0.80 to $0.85). Our 2013 EPS forecast ($3.50) is unchanged, but our PT moves to $66 (from $65) on higher cash flow assumptions.”
Danaher Corporation closed on Tuesday at $57.68.
Latest Ratings for DHR
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.