ISI Group reported on Monday that they have increased their rating for manufacturer and designer Danaher Corporation(DHR).
The firm has upgraded DHR from “Neutral” to “Buy,” and has given the company a $64 price target. This price target suggests an 8% increase from the stock’s current price of $58.50.
Analysts believe that DHR is leveraged to the growth of emerging markets.
Danaher Corporation shares were up 41 cents, or 0.71% during premarket trading Monday. The stock has increased 20% in the past year.
The Bottom Line
Shares of Danaher Corporation (DHR) have a .17% dividend yield, based on Friday’s closing stock price of $58.09. The stock has technical support in the $52-$54 price area. The stock is trading at all-time highs.
Danaher Corporation(DHR) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.