Deutsche Bank Reports On Danaher Management Meetings (DHR)

Deutsche Bank has issued a report detailing its findings from meetings with the management of Danaher Corporation DHR.

The report states, “Following meetings with management, we remain confident that the BEC deal is tracking towards a mid-May close and that this will be a key catalyst to drive numbers higher - we see as much as 15% upside to FY12 EPS. Given an attractive valuation of 13x cash EPS (post-BEC consolidation) and significant upside to our $60 price target, we reiterate BUY.”

Danaher closed at $50.45 yesterday. Danaher has a Buy rating and a $60 PT.