Nomura Securities Maintains a 'Buy' on Danaher (DHR); Solid 3Q Beat with Further Plans to Ramp Restructuring

Nomura Securities maintains a 'Buy' on Danaher (NYSE: DHR) price target of $56.00.

Nomura analyst, Shannon O'Callaghan, said, "Looks like a solid $0.02 beat vs. our estimates on a segment operating profit basis, with a welcome margin beat in Dental and the strongest beat in T&M. We don’t expect much from guidance (to be given on the call) given that it will now absorb $0.10 of 4Q “quiet” restructuring expense as the company tries to get ahead of 2012."

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

Shares of Danaher closed at $44.08 yesterday.

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