Morgan Stanley Sees Portfolio Getting More Agile For Danaher Corporation

In a report published Tuesday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating and $83.00 price target on

. In the report, Morgan Stanley noted, “DHR at 16x '15 FCF offers investors a free option on ~$20 upside from cash deployment, in our view. The accretive sale of Comms suggests a more active pipeline of corporate activity: while we could support further portfolio separations, we are more skeptical on benefits from mooted A transaction.” Danaher Corporation closed on Monday at $71.70.