Barclays Downgrades Danaher to Equal-Weight, Announces $240 Price Target
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Luke Sergott has downgraded Danaher (NYSE:DHR) from Overweight to Equal-Weight and set a price target of $240.
January 24, 2024 | 12:55 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Barclays analyst downgraded Danaher from Overweight to Equal-Weight, potentially impacting investor sentiment and the stock's market performance.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a less optimistic outlook on the company's future performance. The new price target, while providing a benchmark, may not be sufficient to counteract the negative sentiment from the downgrade.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100