Citi analyst Patrick Donnelly resumed coverage of Thermo Fisher with a Neutral rating and $620 price target. The analyst we sees the stock’s current valuation as fair. The firm continues to view Thermo as a “well-entrenched diversified player” and believes management has mostly de-risked this year, but given the recent multiple expansion and its 2025 numbers below consensus, Citi has a Neutral rating on the name.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TMO:
- China stimulus positive for GE HealthCare, tool companies, says Evercore ISI
- Thermo Fisher increases quarterly dividend 1% to 39c per share
- Thermo Fisher call buyer realizes 74% same-day gains
- Analysts and Technical Indicators Agree: These 3 Stocks Are “Strong Buys” – 2/5/2024
- Thermo Fisher price target raised to $600 from $565 at Deutsche Bank
