Danaher Corporation (DHR) Receives Price Target

Danaher Corporation (DHR) stock is expected to deviate a maximum of $10.4 from the average target price of $93.46 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $120 and the most muted being $82.

Danaher Corporation (DHR) : 14 analysts are covering Danaher Corporation (DHR) and their average rating on the stock is 1.61, which is read as a Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Danaher Corporation (DHR) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Danaher Corporation (NYSE:DHR). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $84 per share from a prior target of $81. The rating by the firm was issued on July 27, 2016.

Danaher Corporation (NYSE:DHR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $81.55 and $81.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $81.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.44, notching a gain of 0.04% for the day. The total traded volume was 2,336,583 . The stock had closed at $81.41 on the previous day.

Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. It operates in five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. The Test & Measurement segment offers test, measurement and monitoring products. The Environmental segment products and services help protect the global water supply, facilitate environmental stewardship and enhance the safety of personal data. The Companys diagnostics business offers analytical instruments, reagents, consumables, software and services. The Dental segment provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone. The Companys Industrial Technologies solutions help protect the worlds food supply, improve packaging design and quality, verify pharmaceutical dosages and authenticity and power innovative machines.

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