Thermo Fisher Scientific downgraded at UBS on life sciences R&D headwinds

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Thermo Fisher Scientific location. Thermo Fisher offers controlled and sustained release solid oral dosage forms.

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  • UBS downgraded Thermo Fisher Scientific (NYSE:TMO) to neutral from buy due to a series of headwinds that could negatively impact life sciences R&D spend.
  • The bank cut its price target to $460 from $500 (~8% upside based on July 10 close).

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