Danaher assumed with a Buy at Jefferies

Jefferies assumed coverage of Danaher with a Buy rating and price target of $295, up from $281. The firm believes “durable growth stories” in the life sciences and diagnostic tools group with operating leverage, healthy free cash flow and balance sheet optionality “should be rewarded.” The analyst sees a host of headwinds for growth tools and awaits more visibility, and is upbeat on the secular growth drivers in the diagnostics space. Recent survey works points to muted next generation sequencing and proteomics budgets, the analyst tells investors in a research note.