Deutsche Bank Downgrades BRKR To Hold

Deutsche Bank has issued a report downgrading Bruker Corp. BRKR from Buy to Hold. According to Deutsche Bank, “We now see limited EPS upside vs. our FY11 forecast of $1.00 (above mgmt. guidance of $0.90-0.93) given tough stimulus comps and anemic outlook for government/academic research budgets. Given fair risk-reward at current valuation level, we are downgrading BRKR from Buy to Hold.” BRKR has a $23 Price Target and closed yesterday at $21.22 a share.