Deutsche Bank Reiterates Buy on Danaher (DHR)

Deutsche Bank is out with its report today on Danaher DHR, reiterating Buy. In a note to clients, Deutsche Bank writes, "Despite a solid 1Q performance across all metrics, DHR underperformed the market by ~1% on Thursday, reflecting the very modest guidance bump (likely expected by the market) and the push-out of BEC closure by a month - this is the key catalyst for the name. DHR continues to look cheap at 13.5x 2012e Cash EPS, and with considerable upside to our $65 PT, we reiterate Buy." At the time of posting, shares of DHR were trading pre-market at $52.90, down 0.53% from Thursday's close.