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Fly News Breaks for November 14, 2019
Nov 14, 2019 | 16:44 EDT
Stifel analyst Daniel Arias initiated coverage of Thermo Fisher with a Buy rating and $345 price target. The analyst says the company offers the "best combination of solid growth and reasonable valuation" in his initiated group driven by its "top-notch execution on internal improvement efforts" and has the potential to grow its organic revenue by high-single digits. Arias adds that he is eyeing a return to organic growth rate of 7% in FY20 against the more favorable comparison than the 6% in FY19.
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