Sartorius jumps as peer Danaher posts Q2 profit beat

Sartorius AG

23/07/2024 12:53

** German supplier of pharma and lab equipment Sartorius
 SATG.DE  jumps around 8% after U.S. peer Danaher's  DHR.N 
second-quarter profit beat estimates
    ** Comments on sustained positive momentum in Danaher's
bioprocessing business seem "enough to pull people back in post
the Sartorius cut on Friday," a trader says
    ** "Danaher, a close U.S. peer, reiterated FY24 guidance,
essentially implying lower risk for further downgrades in the
near-term," an analyst at Berenberg says
    ** Shares in its French subsidiary Sartorius Stedim Biotech
 STDM.PA  also rise around 7%

 (Reporting by Isabel Demetz)
 ((Isabel.demetz@thomsonreuters.com))