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Shell Asset Management Co. Has $742,000 Stock Position in Thermo Fisher Scientific Inc. $TMO
Shell Asset Management Co. significantly reduced its stake in Thermo Fisher Scientific Inc. by 93.2% in the third quarter, bringing its total holdings to $742,000. Despite this sell-off, Thermo Fisher Scientific surpassed quarterly earnings and revenue estimates and announced a $5.00 billion share buyback program. The company maintains a “Moderate Buy” consensus rating from analysts with a target price of $633.68.