Stifel analyst Daniel Arias maintains $Bruker Corp (BRKR.US)$ with a hold rating, and adjusts the target price from $77 to $70.
According to TipRanks data, the analyst has a success rate of 40.6% and a total average return of -8.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Bruker Corp (BRKR.US)$'s main analysts recently are as follows:
Bruker experienced continued softness in China and in the biopharmaceutical sector during the quarter, as observed by the analyst.
The company experienced challenging results within a difficult macroeconomic context, according to an analyst. Adjustments to estimates have been made reflecting reduced fiscal 2024 targets. Nonetheless, it is believed that the company's strong positioning in multi-omics and materials sciences will allow it to capitalize on the anticipated demand resurgence in biopharma and China.
Bruker's third-quarter results did not meet expectations, and the company has revised its organic sales growth forecast for fiscal 2024 downward, attributing this adjustment to a more gradual recovery in China and early-stage growth in the biopharma sector. The revision in guidance is explained not by a significant downturn in Q3 markets but by previous forecasts that were perhaps too optimistic. Nevertheless, the company's management conveyed an optimistic outlook for 2025.
Note:
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