TD Cowen analyst Dan Brennan raised the firm’s price target on Thermo Fisher to $612 from $590 and keeps an Outperform rating on the shares. The firm said guidance for 2024 is in-line, setting a conservative bar albeit 2H weighted, and after two years of weak performance, patient investors would be rewarded in 2024.
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- Thermo Fisher sees FY24 adjusted EPS $20.95-$22.00, consensus $22.04
- Thermo Fisher reports Q4 adjusted EPS $5.67, consensus $5.64