Thermo Fisher price target raised to $650 from $600 at JPMorgan

JPMorgan raised the firm’s price target on Thermo Fisher to $650 from $600 and keeps an Overweight rating on the shares. The firm reiterates Thermo as one of its top picks in the space following the Q1 report. The company provided several positive updates on the underlying market backdrop that support a modest step up in market conditions in 2024 and improving market conditions heading into 2025, the analyst tells investors in a research note.