Bernstein Downgrades Thermo Fisher Scientific to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Eve Burstein has downgraded Thermo Fisher Scientific (NYSE:TMO) from Outperform to Market Perform, indicating a change in the stock's expected performance.

January 08, 2024 | 11:57 am
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Bernstein analyst Eve Burstein downgraded Thermo Fisher Scientific from Outperform to Market Perform, potentially influencing investor sentiment and the stock's short-term performance.
Analyst ratings can significantly affect a stock's performance in the short term as they reflect changes in expectations about the company's future performance. A downgrade from 'Outperform' to 'Market Perform' suggests that the analyst no longer expects the company to outperform the market or its sector, which could lead to a negative investor reaction and a potential decrease in the stock price.
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