J.P. Morgan Overweight On Danaher (DHR)

J.P. Morgan Chase & Co. has an Overweight rating and a $52 price target on Danaher Corporation DHR. In a note sent to clients, J.P. Morgan writes, "There is no change to our positive view coming out of the annual investor day. While there was no instant gratification on guidance, with management banking much of the sales upside through restructuring/growth investments for now, the ‘11 range looks conservative with plenty of levers for a better result – we see an upward bias to estimates over the next several quarters. In the end, the thesis is unchanged, with DHR continuing to offer strong organic growth, with a safety bid in a market pullback, and a potential M&A catalyst not priced into shares. We remain OW." Shares of DHR closed at $45.91, a gain of 18 cents.