Morgan Stanley Believes Thermo Fisher (TMO) Still Has Room to Grow
Morgan Stanley analyst Steve Beuchaw maintained a Buy rating on Thermo Fisher (NYSE: TMO) today and set a price target of $254. The company’s shares closed yesterday at $239.97, close to its 52-week high of $249.95.
According to TipRanks.com, Beuchaw is a 4-star analyst with an average return of 12.6% and a 64.6% success rate. Beuchaw covers the Healthcare sector, focusing on stocks such as DENTSPLY SIRONA Inc, Myriad Genetics, and NanoString Tech.
Thermo Fisher has an analyst consensus of Strong Buy, with a price target consensus of $270.17, a 12.6% upside from current levels. In a report released yesterday, UBS also initiated coverage with a Buy rating on the stock with a $295 price target.
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The company has a one-year high of $249.95 and a one-year low of $181.51. Currently, Thermo Fisher has an average volume of 1.32M.
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Thermo Fisher Scientific, Inc. engages in the provision of analytical instruments, equipment, reagents and consumables, software and services for research, analysis, discovery, and diagnostics. It operates through the following segments: Life Sciences Solutions; Analytical Instruments; Specialty Diagnostics; and Laboratory Products and Services.