UBS lowered the firm’s price target on Thermo Fisher (TMO) to $500 from $715 and keeps a Buy rating on the shares. The macro environment overwhelmed Thermo Fisher’s pricing power and mix, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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 lowered to $525 from $667 at Raymond James
- Thermo Fisher’s Strategic Resilience Amidst Economic Challenges: A Buy Recommendation
- Thermo Fisher to invest $2B in U.S. manufacturing
- Thermo Fisher price target lowered to $620 from $665 at Stifel
- Thermo Fisher price target lowered to $637 from $651 at RBC Capital