Thermo Fisher Scientific shares rose 8.71 percent on Thursday to close at $572.32 after the company reported strong second-quarter earnings and received price target upgrades from three investment firms. Net income grew 7 percent to $1.736 billion from $1.617 billion a year earlier, while revenue increased 10 percent to $11.99 billion from $10.85 billion, driven by its PPI Business System and growth strategy. Jefferies raised its price target to $630 from $585 with a buy rating, Leerink Partners lifted its target to $620 from $600 with an outperform rating, and Evercore ISI upgraded its target to $615 from $570 while reiterating an outperform rating. The company also declared a quarterly dividend of $0.47 per share, payable on October 15 to shareholders of record as of September 15, 2026.
Evercore Partners Inc
Jefferies Financial Group IncThermo Fisher Scientific IncStrong Q2 earnings and price target upgrades from multiple analysts.