Movement Alert|Thermo Fisher Scientific Falls 3.08% in Regular Trading, Price Target Cut Weighs on Sentiment

Market Focus
Nov 06

On November 6, Thermo Fisher Scientific fell 3.08% in Regular Trading, trading at $684.41 with turnover of $6.61 billion.

The clearest recent catalyst in publicly available information is an analyst action: Evercore ISI lowered its price target on Thermo Fisher Scientific to $615 from $720 on October 28, a move that likely pressured near-term sentiment despite the company retaining a broader favorable Street profile.

The background is that Thermo Fisher Scientific reported third-quarter results on October 21 that beat expectations, with adjusted EPS of $6.68 versus the $6.40 consensus and revenue of $12.137 billion versus the $11.946 billion consensus. The company also indicated full-year revenue of $47.7 billion to $48.2 billion. Even so, the later target-price reduction stands out as the most direct recent event linked to the current weakness.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10