In a report published Friday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating on Danaher Corporation DHR, but lowered the price target from $83.00 to $82.00.
In the report, Morgan Stanley noted, “Following a solid 3Q14, we adjust our PT to $82. We also respond to feedback on our earlier hypothetical A M&A analysis. While we believe the probability is more balanced than others speculate, our analysis really highlights the attractive option value currently hung up on the balance sheet.”
Danaher Corporation closed on Thursday at $74.19.
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