Jefferies Lifts PT on Thermo Fisher Scientific (TMO) to $80

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Jefferies raised its price target on Thermo Fisher Scientific (NYSE: TMO) from $66 to $80 following strong Q4 results.

"TMO's 4Q12 EPS of $1.36 walloped consensus (+$0.08) on stronger than expected organic revenue growth (+4% vs. +1% consensus). We are maintaining our 2013 EPS forecast of $5.40, but our price target moves to $80 (from $66) on higher cash flow forecasts."

The firm trimmed Q1 EPS estimates form $1.30 to $1.27, 2013 EPS maintained at $5.40, 2014 at $5.80.

For an analyst ratings summary and ratings history on Thermo Fisher Scientific click here. For more ratings news on Thermo Fisher Scientific click here.

Shares of Thermo Fisher Scientific closed at $72.14 yesterday, with a 52 week range of $48.14-$72.48.

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