Wells Fargo raised the firm’s price target on Thermo Fisher (TMO) to $680 from $660 and keeps an Overweight rating on the shares. Core growth is steadily improving quarter-over-quarter and 2025 outlook implies Thermo Fisher could exit near the low-end of its positive high single digit LRP target. Guidance for above-average margin expansion in 2025 was surprisingly strong and signals more ability to manage EPS growth than most imagined, Wells adds.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TMO:
- Thermo Fisher price target raised to $650 from $600 at Citi
- Thermo Fisher price target raised to $620 from $610 at Barclays
- Thermo Fisher Scientific Reports Robust 2024 Financials
- Thermo Fisher Scientific Reported Earnings. Did it Beat Estimates?
- Thermo Fisher price target raised to $670 from $630 at Goldman Sachs