UPDATE: J.P. Morgan Raises PT on Danaher to $60 (DHR)

J.P. Morgan is out with its report today on Danaher DHR, raising its PT from $59 to $60. In a note to clients, J.P. Morgan writes, "We are raising our 2011 EPS to $3.80 (from $3.75) and 2012 to $3.35 (from $3.30). The impact of BEC/PacSi/Esko was already included in our prior estimates, with no change to related assumptions. Shares trade at a ~10% premium to the group versus ~25% historically, and with the attractive fundamental story on track we'd use weakness to add to positions. Our Dec-11 $60 PT, up from $59, assumes 18x our 2012E EPS of $3.35." J.P. Morgan reiterates Overweight on DHR. At the time of posting, shares of DHR were trading pre-market at $52.90, down 0.53% from Thursday's close.