Danaher downgraded to Market Perform from Outperform at Raymond James

Raymond James analyst Andrew Cooper downgraded Danaher (DHR) to Market Perform from Outperform without a price target The company’s outlook “looks murkier” post the Q4 report. potentially making it easier for funds to flow elsewhere in the intermediate-term, the analyst tells investors in a research note. The firm says what was viewed as a higher value portfolio at Danaher, capable of generating leading growth, was guided lower than the peers and “offered a tone that was less encouraging.” Raymond James believes a substantial valuation premium for the shares has become harder to justify if Danaher’s growth is slower and confidence on the longer-term algorithm is “somewhat in flux in the immediate-term.”