Analysts Downgrades Report: Bruker Corporation

Bruker Corporation (NASDAQ:BRKR) received a stock rating downgrade from Leerink Partners on Apr-05-16. In a note to investors, the firm issued an Mkt Perform rating. The analysts previously had an Outperform rating on the stock.

The 52-week price range is $15.76-$29.72 and the company has a market capitalization of $4.47 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 7 has assigned a hold rating, 0 says it’s a buy, and 6 have assigned a strong buy rating to the company.

Bruker Corporation (BRKR) on February 22, 2016 announced the appointment of Anthony (‘Tony’) Mattacchione as Chief Financial Officer, effective immediately. Mr. Mattacchione has served as the Company’s Interim Chief Financial Officer since June 2015, and he previously served as Bruker’s Senior Vice President of Finance & Accounting.

Frank Laukien, Bruker’s President and CEO, stated: “On behalf of Bruker’s Board and executive management team, I am very pleased to congratulate Tony on his appointment. Tony has the strategic and leadership skills, as well as the operational experience and focus, to assist Bruker in driving continuous improvements in operational excellence and financial performance. I am convinced that Tony will be an excellent Chief Financial Officer for Bruker.”

“Tony has been a key leader of the Bruker finance team since he joined the Company,” added John Ornell, a Bruker director and member of the Board’s Audit Committee. “Tony has performed flawlessly in his role as interim CFO, and he has been a very strong contributor to Bruker in many aspects. I now look forward to working with Tony as Bruker’s CFO, and to mentoring Tony using my 13 years of experience as a public-company CFO.”

Mr. Mattacchione brings more than thirty years of financial, accounting, operational and management experience to Bruker’s CFO position. Prior to becoming Bruker’s Interim CFO in 2015, he had responsibility for Bruker’s global finance and accounting functions, including financial planning & analysis, corporate accounting, public company reporting, treasury, tax, shared financial services, internal controls and audit, and global ERP business processes. Mr. Mattacchione has been, and will continue to be, a key leader in upgrading Bruker’s financial and ERP systems, and in implementing advanced management processes at Bruker.

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