Danaher Analysts Cut Their Forecasts Following Q3 Results
Portfolio Pulse from Lisa Levin
Danaher Corporation reported better-than-expected Q3 results with an adjusted EPS of $2.02, down from $2.56 a year ago, and sales of $6.87 billion, a decrease of 10.5% Y/Y. Despite beating consensus estimates, Danaher shares fell 2.4%. Following the earnings announcement, analysts from Keybanc, Citigroup, Raymond James, and RBC Capital lowered their price targets on Danaher.
October 25, 2023 | 6:18 pm
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NEGATIVE IMPACT
Danaher Corporation reported better-than-expected Q3 results but saw its shares fall 2.4%. Analysts from Keybanc, Citigroup, Raymond James, and RBC Capital have lowered their price targets on the company.
Despite reporting better-than-expected Q3 results, Danaher's shares fell, indicating a negative market reaction. The lowering of price targets by several analysts could further negatively impact the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100