SSSGY - Danaher Q2: Inventory Overhang But Low Expectations Limit Downside

2024-07-19 10:32:47 ET

Summary

• Danaher Corporation stock saw a high single-digit percentage increase from April to mid-June, but has since given up most of the gains.
• Concerns about inventory destocking in the bioprocessing market have impacted investor sentiment, but expectations are already priced in.
• Despite short-term challenges, Danaher's medium to long-term prospects remain positive, with good growth starting FY25.

I last covered Danaher Corporation ( DHR ) in April, discussing the company’s good medium to long-term prospects. While the stock experienced a high single-digit percentage increase from my article until mid-June, it has since given up most of its gains and is now trading at the same level as when the previous article was published....

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