Thermo Fisher price target raised to $658 from $648 at TD Cowen

TD Cowen raised the firm’s price target on Thermo Fisher to $658 from $648 and keeps a Buy rating on the shares. The firm said 2Q sales were a bit ahead with managementg discussing trends across the business reflecting demand is normalizing with several bright spots including bioproduction, pharma services, instruments/microscopy, and China.