Danaher Analysts Cut Their Forecasts Following Q3 Results

Danaher Corporation DHR reported better-than-expected results for its third quarter.

Danaher reported quarterly adjusted EPS of $2.02, down from $2.56 a year ago, surpassing the consensus of $1.87. Sales decreased 10.5% Y/Y to $6.87 billion, beating the consensus of $6.63 billion.

Danaher shares fell 2.4% to trade at $192.13 on Wednesday.

These analysts made changes to their price targets on Danaher following earnings announcement.

• Keybanc cut the price target on Danaher from $300 to $260. Keybanc analyst Paul Knight maintained an Overweight rating.
• Citigroup lowered the price target on Danaher from $265.92 to $240. Citigroup analyst Patrick Donnelly maintained a Buy rating on the stock.
• Raymond James slashed the price target on Danaher from $250 to $240. Raymond James analyst Andrew Cooper maintained an Outperform rating.
• RBC Capital lowered the price target on Danaher from $246 to $239. RBC Capital analyst Conor McNamara maintained an Outperform rating.

Now Read This: Hershey, Fastly And 2 Other Stocks Insiders Are Selling