Raymond James Maintains Outperform on Thermo Fisher Scientific, Lowers Price Target to $580
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Andrew Cooper maintains an Outperform rating on Thermo Fisher Scientific (NYSE:TMO) but has lowered the price target from $630 to $580.
October 18, 2023 | 11:50 am
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Thermo Fisher Scientific's price target has been lowered from $630 to $580 by Raymond James, though the Outperform rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors. However, the maintenance of the Outperform rating indicates that the analyst still sees potential in the stock, which could balance out the initial negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100