Goldman Sachs: Maintains Buy On Danaher

Danaher Corporation DHR recently held the Tektronix analyst meeting. A key takeaway were that company results in July and August were above expectations and suggest upside to consensus EPS as well as the high end of guidance for Q3. DHR indicates no signs of weakness in order trends that would suggest otherwise at this point according to Goldman. Goldman Sachs maintains their Buy rating on DHR and has a $47 price target, believing consensus estimates remain too low and that additional accretive M&A can offset incremental macro pressures or drive upside to estimates. Upside Risks include further market share gains and stronger margins via DBS-driven cost control. On the downside, risks include M&A integration and a macro slowdown. DHR closed Wednesday at $39.42