Baird Maintains Outperform on Thermo Fisher Scientific, Lowers Price Target to $625
Portfolio Pulse from jenniferd'souza@benzinga.com
Baird analyst Catherine Schulte has maintained an Outperform rating on Thermo Fisher Scientific (NYSE:TMO) but lowered the price target from $664 to $625.
July 27, 2023 | 1:38 pm
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NEUTRAL IMPACT
Thermo Fisher Scientific's price target has been lowered from $664 to $625 by Baird, although the Outperform rating is maintained.
The news is directly about Thermo Fisher Scientific (TMO). The lowering of the price target might indicate a potential decrease in the stock's value, but the maintained Outperform rating suggests that the stock is still expected to outperform the market. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100