Citigroup Maintains Buy on Thermo Fisher Scientific, Lowers Price Target to $530
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Patrick Donnelly has maintained a 'Buy' rating on Thermo Fisher Scientific (NYSE:TMO) but lowered the price target from $625 to $530.

October 26, 2023 | 3:07 pm
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Thermo Fisher Scientific's price target has been lowered from $625 to $530 by Citigroup, though the 'Buy' rating is maintained.
The lowering of the price target by Citigroup could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside in the stock, which could offset the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100