Goldman Sachs Downgrades Thermo Fisher Scientific (TMO) to Neutral

Goldman Sachs downgraded Thermo Fisher Scientific (NYSE: TMO) from Buy to Neutral with a price target of $50 (down from $61).

The firm said TMO's business proved to be less resilient than expected as academic funding pressures negatively impacted results more than anticipated.

Goldman no longer believes defensive stock positioning is the best way to invest in Tools in this environment.

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 $43.75 yesterday.

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