JP Morgan Maintains Overweight on Thermo Fisher Scientific, Lowers Price Target to $630
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tycho Peterson has maintained an Overweight rating on Thermo Fisher Scientific (NYSE:TMO) but lowered the price target from $670 to $630.
October 17, 2023 | 5:37 pm
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Thermo Fisher Scientific's price target has been lowered by JP Morgan from $670 to $630, though the Overweight rating is maintained.
The lowering of the price target by JP Morgan could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Overweight rating indicates that the analyst still sees the stock as a good investment, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100