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Fly News Breaks for January 6, 2020
TMO
Jan 6, 2020 | 07:52 EDT
Cowen analyst Doug Schenkel raised his price target on Thermo Fisher to $365 from $330 as the shares continued to outperform peers in 2019. Despite its outperformance, the shares trade at a discount to peers but the analyst believes it deserves to trade a premium to historical averages given its strong execution over the past five years. He also believes Thermo Fisher is better positioned to grow its core revenues and to weather any macroeconomic headwinds relative to peers. Schenkel reiterated his Outperform rating on Thermo Fisher shares.
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