BUZZ - Broker Opinions: Danaher’s conservative forecast for 2027 sets a “floor” for the new CEO

October 22 - ** On Wednesday, Danaher DHR.N shares closed up more than 4% after the new CEO Julie Sawyer Montgomery released her first quarterly earnings report since taking office, and set a conservative core growth target for 2027 of 4%-5% (excluding the respiratory business), which analysts described as cautious.

** Following the earnings release, at least nine brokerages raised their price targets for the stock

The new CEO sets revised growth targets

** Barclays (rated "Overweight", target price: $260) said the third quarter results marked the new CEO's "interesting first earnings report," praised her comments about "more integrated sales processes across business units" and upside drivers, while noting the 2027 growth framework is more conservative

** Jefferies ("Buy", target price: $260) stated that the 4%-5% target "sets a floor for the share price, with multiple upside levers," and acts as a "clearing event”, opening the door for bullish prospects of 7%+ growth

** Guggenheim believes that under the new CEO's leadership, the 2027 targets initially set represent a necessary "expectation reset," adding, "Given recent challenges and the appointment of a new CEO, this benchmark target makes sense to us"

** TD Cowen analysts (maintain "Buy" rating, target price $270) noted the 2027 forecast provides "a more conservative starting guide"

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