JP Morgan Maintains Overweight on Thermo Fisher Scientific, Raises Price Target to $650
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tycho Peterson has maintained an Overweight rating on Thermo Fisher Scientific (NYSE:TMO) and increased the price target from $600 to $650.
April 25, 2024 | 1:00 pm
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POSITIVE IMPACT
JP Morgan has reaffirmed its Overweight rating on Thermo Fisher Scientific and raised its price target to $650 from $600.
The upgrade in the price target by a reputable analyst like Tycho Peterson from JP Morgan is a strong positive signal for Thermo Fisher Scientific. It suggests confidence in the company's future performance and growth prospects, likely leading to increased investor interest and potentially a rise in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100