TD Cowen trims Thermo Fisher target to $683, cites cautious guidance despite beat
TD Cowen lowered its price objective on Thermo Fisher Scientific to $683 from $696 while retaining a Buy stance. The change follows a fourth-quarter beat but conservatively guided organic growth for the coming quarter and fiscal 2026, with first-quarter EPS falling well below analyst expectations. Other broker notes and a strategic AI partnership w…