Danaher initiated with neutral view at Wolfe Research, here’s why

Wolfe Research analyst Doug Schenkel initiated coverage of Danaher with a Peer Perform rating. The firm said Danaher’s operational excellence is “topnotch,” and remains enthused about the company’s long-term potential. That said, at the current valuation and given the potential for near term downward revisions to consensus expectations, Wolfe is initiating at Peer Perform.