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Monday, April 22, 2019

Thermo Fisher price target raised to $312 from $271 at Needham

Thermo Fisher price target raised to $312 from $271 at Needham. Needham analyst Stephen raised his price target on Thermo Fisher to $312 and kept his Strong Buy rating ahead of its Q1 results this Wednesday. The analyst sees “solid potential” for an earnings beat on “better-than-expected organic revenue growth in all four segments”, also noting that he has a “more bullish view” on the company’s prospects for 2019. Unger adds that he is positive on the impact of the “strategic” Brammer Bio acquisition announced by Thermo Fisher last month.

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