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Danaher price target lowered to $205 from $210 at Wells Fargo

Wells Fargo lowered the firm’s price target on Danaher (DHR) to $205 from $210 and keeps an Equal Weight rating on the shares. The firm notes the company posted a solid beat/raise on EPS, while also leaving another about +15c-20c in its back pocket. Bioprocess continues to show a solid recovery, while LS should improve in the second half of the year. Pharma and China commentary was positive, Wells adds, arguing that CFO transition seems manageable.

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