Thermo Fisher price target lowered to $525 from $667 at Raymond James

Raymond James lowered the firm’s price target on Thermo Fisher (TMO) to $525 from $667 and keeps an Outperform rating on the shares. Thermo Fisher reported slightly better revenues and EPS for Q1, but weaker margins, and guidance was lower on macro factors, the analyst tells investors in a research note. The firm thinks current levels represent an attractive entry point.