Here's Why Danaher Stock Surged Nearly 49% in 2019
Shares of Danaher (NYSE: DHR) rose a whopping 48.8% in 2019, according to data provided by S&P Global Market Intelligence. It marks another year of strong progress from the company, and the reasons come down to a combination of its operational success, its quality of earnings, and a game-changing deal to buy General Electric's (NYSE: GE) biopharma business. The three points can be summarized as follows:
First, Danaher's underlying performance has exceeded expectations. For example, the company started the year expecting core revenue growth of 4% for 2019, but CEO Tom Joyce now thinks it will be something in the region of 5.5% to 6.5%.
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Source Fool.com
