Danaher upgraded to outperform by Wolfe, recent stock drop cited

Wolfe has upgraded Danaher (NYSE:DHR) to outperform from peer perform, citing a recent drop in the share price.

The investment firm said the stock move was “unwarranted, given the fundamental setup remains unscathed.”

It added that it expects the shares to see “some degree of multiple expansion” over the next 12 months, along with an upward revision to EBITDA and EPS consensus estimates throughout fiscal 2025.

“Both dynamics in action should drive shares to/beyond its $285 price target and lead the stock to outperform peers,” Wolfe added in its note.