Danaher M&A speculation may be misplaced, says Deutsche Bank Deutsche Bank believes speculation of Danaher possibly doing larger acquisitions and/or spinning out business segments following the unexpected retirement of 51-year old CEO Larry Culp could be misplaced. Deutsche finds it "highly unlikely" that Danaher would pursue a large acquisition before Culp steps down next year. The firm believes Culp's departure is likely to leave several unanswered questions and it keeps a Hold rating on the name.
Danaher price target raised to $100 from $89 at Jefferies Jefferies raised its price target for Danaher shares to $100 ahead of the company's investor day and keeps a Buy rating on the name. It expects an initial 2015 organic growth outlook of 3% and earnings guidance of $3.95 and ex-amortization $4.40. Jefferies keeps a Buy rating on the stock.