HSBC Initiates Coverage On Thermo Fisher Scientific with Buy Rating, Announces Price Target of $610
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Rajesh Kumar has initiated coverage on Thermo Fisher Scientific (NYSE:TMO) with a Buy rating and set a price target of $610.
December 18, 2023 | 1:05 pm
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HSBC has initiated coverage on Thermo Fisher Scientific with a Buy rating and a price target of $610, indicating a positive outlook for the stock.
The initiation of coverage by HSBC with a Buy rating typically suggests a positive outlook on the stock's future performance. The price target of $610 implies a potential upside from the current market price, which can positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100