UPDATE: Morgan Stanley Reiterates Overweight Rating, Raises PT on Danaher Corporation Following Pre-Release, PID Investor Day

In a report published Wednesday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating on Danaher Corporation DHR, and raised the price target from $68.00 to $72.00. In the report, Morgan Stanley noted, “Following DHR's pre-release and PID investor day, we increased our 2Qe/FY13e by 2c; together with broader model tweaks, we raise our PT from $68 to $72, encouraged by positive EPS momentum and significant scope for further upside from redeployment of $8-10bn surplus capital through YE14. Remain OW.” Danaher Corporation closed on Tuesday at $66.62.