Wells Fargo analyst Timothy Daley lowered the firm’s price target on Danaher (DHR) to $247 from $285 and keeps an Overweight rating on the shares. The firm argues that four days of Veralto (VLTO) trading at the high-end of Wells’ implied SpinCo range supports the upside potential in Danaher.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DHR: