
NYSE:TMO
$690 is the new price target, or 13% higher. She she still loves it. Both guidance and shares rose last Friday. The guidance surprised analysts who are this week are scrambling to upgrade it. She sees upside, though not as much as this year's increase. $690 is reasonable. TF benefited from more Covid testing. Goldman just upgraded it. Management always delivers. It boasts 8% organic growth and will grown into 28s earnings. She's happy.
It is one of the better run US healthcare companies with a consistent revenue profile and a good return on invested capital. It is expensive but it drives a lot of free cash flow. It was a COVID beneficiary. He prefers Boston Scientific because it is cheaper.
A cousin of Danaher. In the life sciences but more lab oriented. Just bought a company that do PCR testing for instant Covid testing. Trades a little cheaper than Danaher. A well-managed company.
It's coming back nicely, and it never comes down from its 52-week high. Some feel that with the pandemic winding down, them TMO's machine won't be making much money, but this stock isn't done. (Neither is Zoom Video.) During this pullback, pounce.