Jefferies analyst Tycho Peterson maintains $Bruker Corp (BRKR.US)$ with a buy rating, and maintains the target price at $85.
According to TipRanks data, the analyst has a success rate of 55.4% and a total average return of 7.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Bruker Corp (BRKR.US)$'s main analysts recently are as follows:
Post the Q3 report, Bruker experienced continued softness in China and within the biopharma sector.
The company encountered a challenging earnings report amidst a difficult macroeconomic climate. Estimates are being adjusted to align with the reduced fiscal 2024 targets; however, the confidence remains that the company is strategically positioned in multi-omics and materials sciences, which should gain from the eventual upturn in biopharmaceutical demand and Chinese market conditions.
Bruker's third-quarter outcomes fell short of expectations, and the company has reduced its organic sales growth forecast for fiscal 2024. This revision was attributed to a sluggish recovery in China and emerging biopharma sectors. The adjustment to the guidance reflects previous projections that were perhaps too optimistic, rather than a significant decline in market conditions during the third quarter. Nevertheless, management has conveyed a confident outlook for 2025.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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