Bruker's Promising Market Position and Growth Prospects Justify Buy RatingWe highlight the the UK recently took delivery and began installation of an ultra-high field 1.2 GHz NMR system, representing the 10th EU placement. This marks the 1st GHz NMR delivery in '25 (guide assumes three). Stepping back, all focus has been on NIH noise, but we see plenty of positives (semi, microbiology, Elitech, Chemspeed), an attractive margin runway, and valuation (14x EBITDA/18x PE on '25E) that is not demanding. Reit. Buy.