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Fly News Breaks for August 22, 2017
TMO
Aug 22, 2017 | 08:02 EDT
Argus analyst David Toung raised his price target on Thermo Fisher after the company agreed to buy Patheon, a contract development and manufacturing organization. The analyst calls Patheon "a growth driver" and says that it will help Thermo Fisher integrate other, future acquisitions. Calling Thermo Fisher's valuation "attractive," the analyst keeps a Buy rating on the stock.
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