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Fly News Breaks for January 31, 2020
TMO
Jan 31, 2020 | 06:40 EDT
Citi analyst Patrick Donnelly views the post-earnings selloff yesterday in shares of Thermo Fisher as a buying opportunity. The company posted "solid" Q4 results but weakness in its Analytical Instruments business, particularly in China, and 2020 organic growth guidance of ~5% versus seemingly high buy-side expectations sent shares lower, Donnelly tells investors in a research note. The analyst, however, views Thermo's 2020 guidance as appropriate, leaving room to the upside. He raised his price target for the shares to $390 from $380 and keeps a Buy rating on the name.
News For TMO From the Last 2 Days
TMO
Sep 22, 2021 | 06:26 EDT
BTIG analyst Sung Ji Nam raised the firm's price target on Thermo Fisher to $700 from $610 and keeps a Buy rating on the shares after its investor day presentation. The analyst cites the company's accelerating growth potential on both the top and bottom lines along with its $48B in additional capital deployment opportunity for M&A through 2025.