Danaher Corp

DHR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$146.00	Bphcxs	Vsxcvfxb

Danaher Earnings: Bioprocessing Unit May Be Bottoming Amid Veralto Spinoff

Julie Utterback

Oct 24, 2023

Narrow-moat Danaher turned in solid third-quarter results, as its bioprocessing business appears to be bottoming near management expectations. At first blush, we do not anticipate changing near-term expectations or our $243 fair value estimate materially, which incorporates the Veralto spinoff. Danaher's shares remain moderately undervalued.

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