Deutsche Bank Downgrades Bruker (BRKR) to Hold; Risk-reward Fairly Balanced Post Recent Outperformance

Deutsche Bank downgraded Bruker (NASDAQ: BRKR) from Buy to Hold.

Deutsche analyst says, "Shares of BRKR have appreciated 44% over the past 12 months and ~28% YTD vs. an increase in the S&P 500 of 12% and 6%, respectively. BRKR now trades at a PE of 20x based on consensus FY12 EPS est. of $1.07, vs. the peer group range of 12-17x. We now see limited EPS upside vs. our FY11 forecast of $1.00 (above mgmt. guidance of $0.90-0.93) given tough stimulus comps and anemic outlook for government/academic research budgets. Given fair risk-reward at current valuation level, we are downgrading BRKR to Hold."

For more ratings news on Bruker click here and for the rating history of Bruker click here.

Shares of Bruker closed at $20.64 yesterday.

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