Barclays analyst Jack Meehan raised his price target for Thermo Fisher Scientific to $275 after hosting meetings with the company's management across Europe. The analyst says he believes, more so than ever, that Thermo Fisher's customer value proposition is resonating in the market. Further, following a period of major consolidation, Thermo's portfolio is tilting toward a faster growth trajectory, Meehan tells investors in a research note. He keeps an Overweight rating on the name.
Deutsche Bank raised the firm's price target on Thermo Fisher to $610 from $600 and keeps a Buy rating on the shares post the Q1 report. The analyst says a solid operational performance drove a strong start to 2024.
Barclays analyst Luke Sergott raised the firm's price target on Thermo Fisher to $615 from $590 and keeps an Equal Weight rating on the shares. The company reported a beat across the board, says the analyst, who sees the business stabilizing.
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