Danaher price target lowered to $277 from $299 at RBC Capital

RBC Capital analyst Conor McNamara lowered the firm’s price target on Danaher (DHR) to $277 from $299 but keeps an Outperform rating on the shares after its Q4 earnings miss and guidance shortfall. RBC maintains however that it sees material upside in Danaher and the sector that will materialize once companies show the ability to grow earnings and beat / raise estimates, the analyst tells investors in a research note.