UBS Maintains a 'Buy' on Thermo Fisher Scientific (TMO); Delivering The Goods

April 26, 2012 2:24 PM EDT Send to a Friend
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Price: $117.90 +1.44%

Rating Summary:
    16 Buy, 2 Hold, 0 Sell

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Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
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UBS maintains a 'Buy' on Thermo Fisher Scientific (NYSE: TMO) price target raised from $62 to $64.

Analyst, Daniel Arias, said, "Q1 revs of $3,100M (+14% y/y) beat Street $2,977, as TMO recorded above consensus sales growth of 4% (UBSe 4%). Gross margins were up 180 bps, while adjusted operating margins improved 90 bps to 18.5% (UBSe 18.8%) on productivity gains, cost savings, M&A accretion, & volume. Adjusted EPS beat of $1.17 vs. UBSe $1.14 & Street $1.11. We think 1Q results highlighted Thermo’s relative stability & diversity, which represent key attributes going fwd. TMO remains one of our top picks – particularly in light of a 25% valuation discount to the group on fwd P/E."

"We see ’12-13 sales of $12,491M (+6.5%, 3.8% org) & $12,860M (+3%), w/ EPS of $4.82 (was $4.81) & $5.40 (was $5.34), respectively."

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 $55.07 yesterday.


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