Bruker price target lowered to $77 from $81 at Stifel

Stifel lowered the firm’s price target on Bruker to $77 from $81 and keeps a Hold rating on the shares. Following Friday’s update presentation from the company, the firm calls Bruker “a bit of a tough one right now.” It sees risk in 2025, but growth could still be at the high end of the peer group and “a mid-20s multiple isn’t egregious,” the analyst tells investors after the company took the chance to bring investors up to speed on key acquisitions made during M&A run.