DHR DANAHER CORP /DE/

BULLISH Impact: 3/10 ANALYST-UPGRADE
Processed 1mo ago SEC analyst-DHR-scotiaba-20250711
12 firms acted on DHR: Goldman Sachs, Morgan Stanley, Rothschild & Co, Scotiabank, Barclays, Stifel, Raymond James, Scotiabank, B of A Securities, Wolfe Research, Stephens & Co., Wells Fargo
Final — all horizons settled through T+60d
DHR ▲ +3.16% at T+60d
LONG call ✓ call won +3.16% · α vs SPY -4.53% · entry $204.69 → $211.15
Currently $184.30 · -9.96% from $204.69 entry
Entry anchored
Jul 10, 03:59 PM ET
via Databento tick
T+1d
-3.42%
call -3.42% · α -3.61%
$197.68
settled 11mo ago
T+5d
-7.18%
call -7.18% · α -7.81%
$189.99
settled 11mo ago
T+20d
-2.04%
call -2.04% · α -4.21%
$200.51
settled 10mo ago
T+60d
+3.16%
call +3.16% · α -4.53%
$211.15
settled 8mo ago

Price Chart

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Executive Summary

Twelve firms revised their stance on Danaher (DHR) on July 11, 2025, led by Scotiabank upgrading to Sector Outperform from Sector Perform with a $275 price target. The stock currently trades at $178.95, implying 54% upside to the new PT. Consensus is overwhelmingly bullish: 26 of 30 analysts rate Buy or Strong Buy, with a mean target of $250.14 (40% upside). Scotiabank's accuracy on DHR is 0% based on only 2 prior calls, limiting its standalone credibility, but the cluster of 12 firms acting on the same day amplifies the signal. EPS revisions show near-term weakness (16 downward revisions for the upcoming quarter) but long-term improvement (18 upward for the current fiscal year). Short interest is elevated at 55.2% of off-exchange volume, suggesting significant bearish positioning that could fuel a squeeze. Insider trades show a small sell in February, while institutional flows are mixed (FMR added 28.8%, but Renaissance exited). The bottom line: today's cluster reinforces the existing bullish consensus, though conflicting cross-platform signals warrant caution for short-term traders.

Impact Score

Base Score
2/7
LLM Adjustment
+1
Final Score
3/10

Consensus & Targets

Buy / Strong Buy
26 (87%)
Hold
4
Sell / Strong Sell
0
Total Analysts
22
Mean PT
$250.14
Median PT
$247.50
High PT
$310.00
Low PT
$205.00
Current Price
$178.95
Implied Upside
+39.8%

Consensus is heavily bullish: 11 Strong Buy, 15 Buy, 4 Hold, 0 Sell, based on 30 ratings. The overwhelming buy-side tilt (87% Buy/Strong Buy) indicates widespread confidence in DHR's fundamentals and growth outlook.

The 22-analyst price target consensus has a mean of $250.14, median $247.50, high $310, and low $205. At $178.95, the implied upside to the mean is 39.8%. Scotiabank's $275 target is above the median, ranking in the 80th percentile, reflecting an above-consensus bullish view.

Recent Analyst Activity

DateFirmActionRatingPrice Target
2026-04-23 Morgan Stanley maintain Overweight $255.00
2026-04-22 UBS maintain Buy $250.00
2026-04-22 Wells Fargo maintain Equal-Weight $212.00
2026-04-22 Guggenheim maintain Buy $235.00
2026-04-22 Baird maintain Outperform $245.00
2026-04-17 Baird maintain Outperform $249.00
2026-04-14 Barclays maintain Overweight $230.00
2026-04-13 Goldman Sachs maintain Buy $230.00
2026-04-06 Evercore ISI Group maintain Outperform $225.00
2026-01-29 JP Morgan maintain Overweight $275.00

In the 30 days prior to the cluster, there were 0 upgrades and 0 downgrades. EPS estimate revisions are mixed: next quarter saw 16 downward revisions, current quarter 15 downward, next fiscal year 7 up vs 10 down, but the current fiscal year shows 18 upward revisions vs 2 down. Near-term estimates are being trimmed, while full-year 2026 estimates are rising, reflecting a cautious near-term outlook but improving longer-term confidence.

Firm Track Record — Scotiabank

Scotiabank accuracy: 56% on 1496 calls | avg return: 4.4%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.

FirmAccuracyCallsAvg Returnvs Average
Guggenheim 100% 2/2 6.9% top tier
Evercore ISI Group 75% 3/4 3.3% top tier
UBS 67% 2/3 3.3% top tier
Baird 63% 5/8 1.3% top tier
B of A Securities 50% 2/4 1.6% below average
TD Cowen 50% 2/4 1.5% below average
Wells Fargo 40% 2/5 -4.2% below average
Goldman Sachs 33% 1/3 -5.5% below average
Citigroup 33% 1/3 -9.3% below average
Barclays 33% 3/9 0.1% below average

Scotiabank has a 0% accuracy rating on DHR, with 0 correct calls out of 2 scored, and an average return of -4.3%. The firm's track record is among the weakest covering the stock; top-tier firms include Guggenheim (100% on 2 calls) and Evercore ISI (75% on 4). Given the tiny sample size, Scotiabank's upgrade carries limited historical weight.

Earnings Estimates

Next earnings: Jul 20, 2026

PeriodEPS Est.EPS RangeRevenueRevisions (7d)
+1q $2.03 $1.95 — $2.12 $6.3B ↑0 ↓0
0q $1.84 $1.81 — $1.87 $6.1B ↑2 ↓0
+1y $9.09 $8.83 — $9.40 $26.9B ↑8 ↓0
0y $8.44 $8.38 — $8.48 $25.5B ↑18 ↓0

Cross-Platform Signals

Insider Trades (90d)
0 buys / 1 sells
Congressional
Michael McCaul (republican) — buy $1,001 - $15,000
Institutional
FMR LLC — add (28.8%)
Institutional
NORGES BANK — new
Institutional
RENAISSANCE TECHNOLOGIES LLC — exit (-100%)
Short Interest
Short: 627,683 | Exempt: 1,928 | TRF Vol: 1,136,822 | Short Ratio: 55.2% | Off-exchange volume (dark pool + OTC)

Insider activity: one sell of $274k in February 2026 by Gregory Milosevich (small relative to market cap). Congressional: one buy by Rep. Michael McCaul (R-TX) of $1k-$15k in March 2026. Institutional flows: FMR added 28.8%, Norges Bank initiated a new $2.18B position, but Renaissance Technologies fully exited and Two Sigma cut 95.9%. Short interest stands at 55.2% of off-exchange volume, a high level that indicates significant bearish bets. The analyst cluster diverges from the elevated short interest and some institutional exits, but large additions from FMR and Norges Bank provide counterweight. The overall picture is mixed but leans bullish due to the analyst cluster and institutional inflows.

Actionable Insight

Traders should view today's 12-firm cluster as a strong bullish catalyst that aligns with the existing consensus, but the high short interest and mixed institutional flows argue for a patient entry. Scotiabank's upgrade alone has limited credibility, but the collective action across multiple firms reinforces the upward trajectory.

Documents Analyzed

Report based on filing metadata.

7 reports for DHR
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for DHR — sortable, filterable
Type Now
May 31, 2026
5d ago
ANALYST-UPGRADE
BULLISH ★ 2/10
$204.69 $189.99▼ −7.18%▼ −7.81%$184.30 (−9.96%)
May 27, 2026
9d ago
ANALYST-DOWNGRADE
BEARISH ★ 3/10
$172.76 $176.11▼ −1.94%▼ −0.73%$184.30 (−6.68%)
May 1, 2026
5w ago
ANALYST-UPGRADE
BULLISH ★ 3/10
$204.69 $189.99▼ −7.18%▼ −7.81%$184.30 (−9.96%)
Apr 23, 2026
6w ago
424B5
NEUTRAL ★ 5/10
$177.12 $178.95▲ +1.03%▲ +0.13%$184.30 (+4.06%)
Apr 22, 2026
6w ago
424B5
NEUTRAL ★ 5/10
$184.00 $177.94▼ −3.29%▼ −3.35%$184.30 (+0.17%)
Apr 17, 2026
7w ago
8-K
NEUTRAL ★ 4/10
$194.24 $177.12▼ −8.81%▼ −9.37%$184.30 (−5.12%)
Mar 25, 2026
10w ago
DEFA14A
NEUTRAL ★ 3/10
$186.98 $190.72▲ +2.00%▲ +2.24%$184.30 (−1.43%)
Showing 7 of 7

US Market Status

Market Closed — Opens Mon (35h 17m)

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