Thermo Fisher Scientific Inc

TMO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$569.00	Cnq	Symxqlfbcj

Thermo Fisher's Core Business Continues to Perform Well in Q3; Maintaining Our FVE

Alex Morozov

Oct 26, 2022

Against the backdrop of declining coronavirus revenue, wide-moat Thermo Fisher Scientific's third quarter was strong. The firm's core operations, buoyed by biopharma demand, grew 14% in the quarter, implying ongoing market share gains for the company. The outperformance led Thermo Fisher to slightly raise its annual guidance. We're maintaining our $590 fair value estimate and view shares as modestly undervalued.

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