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Thermo Fisher price target lowered to $550 from $678 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Thermo Fisher (TMO) to $550 from $678 and keeps an Overweight rating on the shares. While U.S. and China tariffs are expected to weigh on volume and costs, mitigation strategies should fully absorb the headwind in 2026, according to the analyst, who adds that medium and longer-term opportunities created by tariffs and policy changes present a tailwind despite short term challenges. Following Q1 results, the firm’s revenue estimate for 2025 moves to $43.75B from $43.78B and its adjusted EPS estimate moves to $23.31 form $23.33 while its multiple was also lowered.

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