Citigroup Maintains Buy on Thermo Fisher Scientific, Raises Price Target to $575
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Patrick Donnelly has reaffirmed a Buy rating on Thermo Fisher Scientific (NYSE:TMO) and increased the price target from $530 to $575, indicating a positive outlook on the company's stock.
December 11, 2023 | 12:13 pm
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Citigroup analyst Patrick Donnelly maintains a Buy rating on Thermo Fisher Scientific and raises the price target from $530 to $575, suggesting a bullish stance on the stock.
The increase in price target by a reputable analyst like Patrick Donnelly from Citigroup typically signals a strong conviction in the company's future performance and growth potential. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price as the market reacts to the new price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100