KeyBanc analyst Paul Knight raised the firm’s price target on Danaher (DHR) to $310 from $290 and keeps an Overweight rating on the shares. The firm notes Danaher reported an earnings beat, but the share price was slightly weaker after the earnings call. The company cited that China was still weak and China stimulus was not a significant positive. KeyBanc thinks the Danaher’s comments reflect the sobering reality of China and industry CapEx headwinds persisting. However, with a world-leading position in bioprocessing and biotechnology research, the firm sees visibility to mid to high single digit growth in FY25.
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