Wolfe Research Downgrades Danaher Corporation (DHR)
Wolfe Research downgraded Danaher Corporation (NYSE:DHR) to Peer Perform from Outperform, citing similar growth to Thermo Fisher, which is "a little cheaper on P/E," and confusion regarding DHR's identity after the Masimo transaction. This comes despite RBC Capital resuming coverage with an Outperform rating and a $200 price target, foreseeing growth recovery driven by improvements in the bioprocess market. While DHR is a significant diagnostics stock, the article suggests certain AI stocks may offer greater upside potential with less downside risk.
https://finance.yahoo.com/sectors/healthcare/articles/wolfe-research-downgrades-danaher-corporation-174141940.html