Credit Suisse Upgrades Thermo Fisher, Calls It Best-Of-Breed Asset
Portfolio Pulse from Vandana Singh
Credit Suisse has upgraded Thermo Fisher Scientific Inc (NYSE:TMO) to Outperform from Neutral, with a price target of $620. The analyst cites the company's strong position to navigate post-pandemic demand correction, diversified portfolio, and growth prospects in services businesses. Despite potential downward revision of guidance, the analyst believes Thermo Fisher's long-term growth opportunities remain intact.
July 13, 2023 | 6:33 pm
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Thermo Fisher has been upgraded by Credit Suisse to Outperform from Neutral, with a price target of $620. The company's strong position to navigate post-pandemic demand correction and growth prospects in services businesses are cited as reasons.
The upgrade by Credit Suisse is a positive signal for Thermo Fisher. The analyst's confidence in the company's ability to navigate post-pandemic demand correction and its growth prospects in services businesses could potentially boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100