share_log

Jefferies Maintains Thermo Fisher Scientific(TMO.US) With Buy Rating, Maintains Target Price $655

Futu News ·  Oct 24 21:33  · Ratings

Jefferies analyst Tycho Peterson maintains $Thermo Fisher Scientific (TMO.US)$ with a buy rating, and maintains the target price at $655.

According to TipRanks data, the analyst has a success rate of 54.9% and a total average return of 7.1% over the past year.

AnalystRecentRatingAutoNews_202477_20241023_27602e158428b5a8c12050b02595a61f43580a7d_1729776709857401_nn_en

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 results met expectations in a context where anticipation was high. The company is recognized for its robust performance within a challenging demand climate for tools, where there is limited clarity on when a recovery in demand will materialize.

  • The recent third-quarter earnings call for Thermo Fisher was noted to be more optimistic than the actual results presented. Despite this, there remains a positive outlook on the company's stock. Observations include that the Life Sciences Solutions segment continues to experience momentum in bioproduction, and sales within the Laboratory Products and Biopharma Services segment appear unfazed by a slowdown in biotech.

  • Thermo Fisher's core growth exhibits a steady improvement on a quarter-over-quarter basis, with guidance suggesting a modest increase to around 2.5% in the fourth quarter. Expectations for a 5% core growth in 2025 appear reasonable and justifiable. The company's defensive profile and balance sheet flexibility continue to be favorable aspects.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

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.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment