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Fly News Breaks for July 13, 2016
FTV, DHR
Jul 13, 2016 | 07:09 EDT
UBS lowered its price target on Danaher (DHR) to $92 from $108 to reflect the separation of Fortive (FTV) from its business. The firm sees significant room for margin expansion at Danaher, an increase in less cyclical business, and the potential for bolt-on acquisitions with higher return profiles. UBS reiterated its Buy rating on Danaher shares.