Citigroup Reinstates Buy on Thermo Fisher Scientific, Announces $625 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Patrick Donnelly has reinstated Thermo Fisher Scientific (NYSE:TMO) with a Buy rating and announced a price target of $625.
September 06, 2023 | 10:11 am
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Citigroup's reinstatement of a Buy rating and a $625 price target for Thermo Fisher Scientific could potentially boost investor confidence and positively impact the stock's price in the short term.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. In this case, Citigroup's reinstatement of a Buy rating and a $625 price target for Thermo Fisher Scientific (TMO) could be seen as a strong vote of confidence in the company's prospects, potentially leading to increased investor interest and a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100