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Upgrade Alert for Danaher (DHR)

By Amy Schwartz

Danaher (NYSE:DHR) was upgraded from Market Perform to Outperform at Bernstein today. The stock closed yesterday at $100.44 on volume of 2.2 million shares, above average daily volume of 2.2 million.

Danaher Corporation designs, manufactures, and markets professional instrumentation, medical technologies, industrial technologies, and tools and components.

There is potential upside of 0.1% for shares of Danaher based on a current price of $100.44 and an average consensus analyst price target of $100.50. Danaher shares have support at the 50-day moving average (MA) of $93.54 and additional support at the 200-day MA of $90.75.

Danaher share prices have moved between a 52-week high of $100.50 and a 52-week low of $81.25 and closed yesterday at 24% above that low price at $100.44 per share. The 200-day and 50-day moving averages have moved 0.18% higher and 0.81% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Danaher on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.04. Since that recommendation, shares of Danaher have risen 13.8%. We continue to monitor DHR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades danaher

Ticker(s): DHR