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UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Danaher Corporation

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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.

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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