Stifel Maintains Buy on Thermo Fisher Scientific, Lowers Price Target to $530
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Daniel Arias has maintained a 'Buy' rating on Thermo Fisher Scientific (NYSE:TMO) but lowered the price target from $660 to $530.
October 26, 2023 | 7:45 pm
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NEUTRAL IMPACT
Thermo Fisher Scientific's price target has been lowered from $660 to $530 by Stifel, though the 'Buy' rating is maintained.
The lowering of the price target by Stifel could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100