Thermo Fisher (TMO +2%) moves up again today on the back of yesterday's strong Q3 results. Baird...


Thermo Fisher (TMO +2%) moves up again today on the back of yesterday's strong Q3 results. Baird raises its price target on the shares to $70 from $67, citing strong cash flow and robust organic growth. Jefferies also reiterates a Buy , saying its core operating fundamentals are sound, and the better-than-expected numbers point to a continued upward trajectory for the stock.

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  • Babybella3
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    There may be more upside in this story that we see now. If Thermo can produce these results during these tight economic times in the US (especially among academic research institutions) and the weak European markets, its earnings power should be impressive once either or both of these economic backdrops improves (hopefully over the next year or two).
    26 Oct 2012, 02:42 AM Reply Like
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