Nomura Securities Maintains a 'Buy' on Danaher (DHR); Proactive Restructuring, Emerging Markets, and Beckman To Help in 2012
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Price: $202.45 -0.71%
Rating Summary:
30 Buy, 10 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
30 Buy, 10 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Buy' on Danaher (NYSE: DHR) price target of $56.00.
Analyst, Shannon O'Callaghan, said, "So far Danaher has not seen a lot of the macro headline weakness show up in its businesses, but it’s not from a lack of trying. Despite July and August order trends that are pretty much in line, Danaher is already now baking in plans for $50M ($0.05) of “quiet” restructuring actions in 4Q11, a first sign of a company trying to get ahead of a potentially much tougher business environment in 2012. “Quiet” means they will not back it out of guidance. This kind of proactive move is one reason why we think Danaher is a stock to own in this environment. Another is the Beckman acquisition which we see as an acyclical earnings driver nearterm as all of the synergies are cost-based and no revenue growth is assumed in 2012. The Beckman integration appears to be getting off to a fast start with 1,000 layoffs in 3Q."
For more ratings news on Danaher click here and for the rating history of Danaher click here.
Shares of Danaher closed at $43.57 yesterday.
Analyst, Shannon O'Callaghan, said, "So far Danaher has not seen a lot of the macro headline weakness show up in its businesses, but it’s not from a lack of trying. Despite July and August order trends that are pretty much in line, Danaher is already now baking in plans for $50M ($0.05) of “quiet” restructuring actions in 4Q11, a first sign of a company trying to get ahead of a potentially much tougher business environment in 2012. “Quiet” means they will not back it out of guidance. This kind of proactive move is one reason why we think Danaher is a stock to own in this environment. Another is the Beckman acquisition which we see as an acyclical earnings driver nearterm as all of the synergies are cost-based and no revenue growth is assumed in 2012. The Beckman integration appears to be getting off to a fast start with 1,000 layoffs in 3Q."
For more ratings news on Danaher click here and for the rating history of Danaher click here.
Shares of Danaher closed at $43.57 yesterday.
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