End Market Growth, New Acquisitions Drive Thermo Fisher's Shares
Thermo Fisher Scientific(TMO) ZACKS·2024-11-21 00:35
Thermo Fisher (TMO) continues to gain from strategic buyouts. The company’s Bioproduction business looks promising. Yet, macroeconomic issues and currency fluctuations dampen growth. The stock carries a Zacks Rank #3 (Hold) at present.Factors Driving TMO's SharesWithin the pharma and biotech end market, of late, Thermo Fisher’s biosciences and bioproduction businesses have significantly expanded their capacity to meet the global vaccine manufacturing requirements. In terms of the newest update, despite the ...