Stifel analyst Daniel Arias lowered the firm’s price target on Danaher to $250 from $270 and keeps a Hold rating on the shares. Investor interest was "certainly heightened" following last week’s report from Sartorius and "those feeling bearish were not disappointed," the analyst tells investors. Multiple downward revisions "are atypical" for Danaher, which "has many investors thrown for a bit of a loop at the moment," Stifel added in its post-earnings note. While the firm still believes Danaher will become "a great long idea this year," at this point "some tangible sign of turn-around might be needed."
Published first on TheFly
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