Wells Fargo analyst Timothy Daley lowered the firm’s price target on Danaher (DHR) to $247 from $285 and keeps an Overweight rating on the shares. The firm argues that four days of Veralto (VLTO) trading at the high-end of Wells’ implied SpinCo range supports the upside potential in Danaher.
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Read More on DHR:
- Danaher call volume above normal and directionally bullish
- Here’s Why Danaher Stock (NYSE:DHR) Dropped Yesterday
- Veralto begins trading as public company
- Danaher falls -14.7%
- Danaher falls -13.1%
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