Thermo Fisher price target raised to $680 from $655 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Thermo Fisher to $680 from $655 and keeps an Overweight rating on the shares. At a “classic” analyst day meeting, the company’s long-term growth algorithm and 2024 guidance were reiterated, notes the analyst, who argues the “consistency of messaging” provides “reassurance on sector ownability” into 2025.