Citigroup Reinstates Neutral on Thermo Fisher Scientific, Announces $620 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Patrick Donnelly reinstated Thermo Fisher Scientific (TMO) with a Neutral rating and set a price target of $620.

March 18, 2024 | 12:09 pm
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NEUTRAL IMPACT
Citigroup reinstated Thermo Fisher Scientific with a Neutral rating and a $620 price target.
The reinstatement of Thermo Fisher Scientific by Citigroup with a Neutral rating and a specific price target suggests a balanced view on the stock's future performance. This rating indicates that Citigroup does not foresee significant upside or downside in the near term, hence the neutral impact score. The price target provides a benchmark for investors but does not imply a strong bullish or bearish stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90