Morgan Stanley’s 5 Stock Picks for 2023

 3. Thermo Fisher Scientific Inc. (NYSE:TMO)

Share Price Upside: 43%
Number of Hedge Fund Holders: 103

Thermo Fisher Scientific Inc. (NYSE:TMO) is one of Morgan Stanley’s top stock picks for 2023. It offers life science solutions, analytical instruments, and speciality diagnostics products. The company provides reagents, instruments, and consumables for biological and medical research, discovery, and production of drugs and vaccines.

While Thermo Fisher Scientific Inc. (NYSE:TMO) has pulled back significantly, it remains one of Morgan Stanley’s top picks on a discount. The investment firm maintains a $633 average price target on the stock, implying a 43% upside potential.

In Q2 2023, 103 hedge funds out of the 910 that Insider Monkey polled had invested in Thermo Fisher Scientific Inc. (NYSE:TMO)’s shares. In the third quarter of 2023, the hedge fund with a prominent holding in the company was Levin Capital Strategies, led by John A. Levin, with a stake of $3.29 million.

Follow Thermo Fisher Scientific Inc. (NYSE:TMO)

[/company-follow-email]