RBC Capital analyst Conor McNamara kept an Outperform rating on Danaher and lowered the firm’s price target to $293 from $302 after taking over coverage of the name. By spinning out the EAS business, Danaher will have less exposure to economic cyclicality, and see a period of revenue acceleration in higher margin businesses, McNamara tells investors in a research note.
Published first on TheFly
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