Danaher stock edges up on improved market visibility, RBC says

Investing.com -- Shares of Danaher Corporation (NYSE:DHR ) rose 1% in premarket trading today, following comments from RBC analyst Conor McNamara expressing optimism about the company's future. McNamara highlighted an improving visibility in the company's end-markets and anticipates a return to historical growth levels by the second half of 2025.

Danaher's stock movement comes on the back of an analyst's outlook that suggests a positive trend in the company's business environment.

Despite many investors remaining cautious and preferring to wait for consistent growth and upward revisions to become a trend, the RBC maintains a confident stance on the stock. Their comments indicate that while the current growth has not yet met historical standards, there is an expectation of recovery in the coming years.

In his report released today, RBC analyst Conor McNamara said, "We are encouraged by the results as it appears visibility is improving and end-markets are not getting worse; though many investors are still on the LST sidelines until growth returns to historical levels and beats / raises become the norm. We continue to believe this is coming in 2H'25, and we make no change to our 12-month price target of $308 and Outperform rating on the stock."

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Source: Investing.com