Thermo Fisher price target raised to $615 from $600 at Stifel

Stifel raised the firm’s price target on Thermo Fisher to $615 from $600 and keeps a Buy rating on the shares. The company’s Q2 commentary suggests that the quarter played out as expected, but mid-single-digit percentage growth in China was “a nice surprise,” the analyst tells investors in an earnings recap. The firm, which notes it doesn’t expect much in the way of a 2025 view at the company’s analyst day in September, thinks Thermo Fisher’s valuation/growth/driver mix “screens well for those looking at the core Tools group into the second half.”