On Oct 24, major Wall Street analysts update their ratings for $Thermo Fisher Scientific (TMO.US)$, with price targets ranging from $610 to $718.
BofA Securities analyst Michael Ryskin maintains with a buy rating, and sets the target price at $675.
Barclays analyst Luke Sergott maintains with a hold rating, and maintains the target price at $610.
Wells Fargo analyst Brandon Couillard maintains with a buy rating, and adjusts the target price from $670 to $660.
Jefferies analyst Tycho Peterson maintains with a buy rating, and maintains the target price at $655.
TD Cowen analyst Daniel Brennan maintains with a buy rating, and maintains the target price at $686.
Furthermore, according to the comprehensive report, the opinions of $Thermo Fisher Scientific (TMO.US)$'s main analysts recently are as follows:
Thermo Fisher's recent quarterly report met expectations in a climate where anticipation was high. The company has demonstrated strong execution despite challenging conditions and uncertain timing for a demand resurgence in the tools sector.
The firm notes that Thermo Fisher's core growth is showing consistent improvement on a quarter-over-quarter basis, with projections hinting at a slight increase to approximately +2.5% in Q4. The expectations of a 5% core growth by 2025 also appear to be reasonable and justifiable. The firm expresses its preference for Thermo Fisher's resilient nature and the flexibility provided by its balance sheet.
The firm mentioned that Thermo Fisher presented a mixed set of results for the third quarter, with revenue falling just short of the general consensus but surpassing expectations on earnings. Management described the market conditions as matching their forecasts, with slight enhancements and steadiness observed throughout their range of offerings.
Here are the latest investment ratings and price targets for $Thermo Fisher Scientific (TMO.US)$ from 8 analysts:
Note:
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