HSBC Upgrades Danaher to Buy, Raises Price Target to $280
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Rajesh Kumar upgrades Danaher (NYSE:DHR) from Hold to Buy and raises the price target from $250 to $280, indicating a positive outlook on the company's future performance.
April 17, 2024 | 2:40 pm
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Danaher upgraded by HSBC from Hold to Buy with a raised price target from $250 to $280, reflecting a strong confidence in the company's growth prospects.
The upgrade from Hold to Buy by a prominent analyst at HSBC, along with a significant increase in the price target, suggests a bullish outlook on Danaher's stock. This is likely to instill confidence in investors and could lead to a short-term increase in the stock price as the market reacts to the positive news.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100