Evercore ISI raised the firm’s price target on Thermo Fisher (TMO) to $525 from $480 and keeps an Outperform rating on the shares. While some expected a beat following Danaher’s (DHR) print, there was some concern on whether FY26 street estimates were too high, the analyst tells investors in a research note. The firm said that Thermo took the right approach by giving color on FY26/FY27, adding that it thinks FY25 has some upside potentially from China and U.S. as trends seem to be coming inline to better.
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