Wolfe Research downgraded Bruker to Peer Perform from Outperform without a price target. The firm reduced 2025 and 2026 earnings estimates given continued concerns about the pace of improvement in instrument demand and the long-lead times for Bruker’s major instruments. Wolfe also has continued concerns about the outlook for a China rebound. Given the likelihood of near-term downward earnings revisions and uncertainties, Bruker’s risk/reward is balanced, the analyst tells investors in a research note.
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