Morgan Stanley Maintains Overweight on Thermo Fisher Scientific, Lowers Price Target to $545
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Tejas Savant has maintained an Overweight rating on Thermo Fisher Scientific (NYSE:TMO) but lowered the price target from $600 to $545.

October 26, 2023 | 12:35 pm
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NEUTRAL IMPACT
Thermo Fisher Scientific's price target has been lowered from $600 to $545 by Morgan Stanley, though the Overweight rating is maintained.
The news is directly about Thermo Fisher Scientific and is likely to influence investor sentiment. The lowering of the price target might suggest a potential downside, but the maintained Overweight rating indicates that the analyst still sees the stock as a good investment. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100