Analysts Are Cutting Price Targets of These 5 Stocks

02. Danaher Corporation (NYSE:DHR)

Number of Hedge Fund Holders: 90

On July 26, Stifel analyst Daniel Arias reiterated his “Hold” rating on Danaher Corporation (NYSE:DHR) and has revised the price target downward from $250 to $240. This suggests that while the analyst maintains a neutral stance on the stock’s outlook, he has reassessed the company’s valuation and arrived at a slightly lower price target compared to his previous estimate.

Madison Sustainable Equity Fund made the following comment about Danaher Corporation (NYSE:DHR) in its second quarter 2023 investor letter:

“Danaher Corporation (NYSE:DHR) stock continued to move lower following another earnings downgrade on bioprocessing weakness. The weakness is caused by elevated inventories at large customers and funding issues from emerging biotech customers. We remain confident in Danaher’s strong competitive position providing innovative products to Life Science companies.”