Barclays analyst Luke Sergott lowered the firm’s price target on Thermo Fisher (TMO) to $610 from $620 and keeps an Equal Weight rating on the shares after the company reported an in-line quarter among elevated expectations. The firm sees solid execution in a very tough Tools demand environment with such low visibility into the demand recovery.
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Read More on TMO:
- Thermo Fisher sees Q4 EPS $5.96, consensus $5.98
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- Thermo Fisher reports Q3 adjusted EPS $5.28, consensus $5.24
- Thermo Fisher narrows FY24 adjusted EPS to $21.35-$22.07 from $21.29-$22.07
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