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Street View: Danaher's conservative 2027 forecast sets a 'floor' under new CEO

By Reuters News

** Danaher's DHR.N shares closed up more than 4% on Wednesday after new CEO Julie Sawyer Montgomery delivered her first quarterly results, setting what analysts called a conservative 2027 core growth baseline of 4% to 5%, excluding respiratory

** At least nine brokerages hiked their PT on the stock following the results

NEW CEO RESETS THE BAR

** Barclays ("overweight," PT: $260) calls Q3 an "interesting first print" for new CEO, praising commentary around a "more integrated selling process across business units" alongside upside drivers, against a conservative 2027 framework

** Jefferies ("buy," PT: $260) says the 4% to 5% target "puts a floor in with multiple upside levers" and serves as a "clearing event, opening the door for a bull case of 7%+ growth"

** Guggenheim views the initial 2027 target as a necessary "reset of expectations" under the new CEO, stating the baseline "makes sense to us, considering the recent challenges and the new CEO coming in"

** TD Cowen ("buy," PT: $270) notes the 2027 forecast provides "a more conservative starting guide"

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