Information Provided By:
Fly News Breaks for April 22, 2019
TMO
Apr 22, 2019 | 07:40 EDT
Needham analyst Stephen Unger raised his price target on Thermo Fisher to $312 and kept his Strong Buy rating ahead of its Q1 results this Wednesday. The analyst sees "solid potential" for an earnings beat on "better-than-expected organic revenue growth in all four segments", also noting that he has a "more bullish view" on the company's prospects for 2019. Unger adds that he is positive on the impact of the "strategic" Brammer Bio acquisition announced by Thermo Fisher last month.