Oppenheimer Says Thermo Fisher (TMO) Sell-Off Overdone
Tweet
Share
E-mailGet Alerts TMO Hot Sheet
Price: $619.59 +0.99%
Rating Summary:
34 Buy, 5 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
Rating Summary:
34 Buy, 5 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
Join SI Premium – FREE
Oppenheimer trimmed its price target on Thermo Fisher Scientific (NYSE: TMO) from $63 to $59 following Q3 results but is maintaining an Outperform rating.
The firm noted Q3 revenues fell short due to weakness in academic and governmental end markets. In addition, 2011 outlook was lowered. Despite a more tempered outlook the firm said yesterday's 9% sell-off was an "overreaction."
For more ratings news on Thermo Fisher Scientific click here and for the rating history of Thermo Fisher Scientific click here.
Shares of Thermo Fisher Scientific closed at $48.36 yesterday.
The firm noted Q3 revenues fell short due to weakness in academic and governmental end markets. In addition, 2011 outlook was lowered. Despite a more tempered outlook the firm said yesterday's 9% sell-off was an "overreaction."
For more ratings news on Thermo Fisher Scientific click here and for the rating history of Thermo Fisher Scientific click here.
Shares of Thermo Fisher Scientific closed at $48.36 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Thermo Fisher Scientific (TMO) call put ratio 4.8 calls to 1 put with a focus on March 700 calls as share price up 4.2%
- Hims and Hers (HIMS) PT Lowered to $35 at Barclays
- Okta, Inc (OKTA) PT Raised to $170 at Cantor Fitzgerald Ahead of Q2 Results
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
