Thermo Fisher Scientific Inc. $TMO Shares Sold by Geo Capital Gestora de Recursos Ltd

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Geo Capital Gestora de Recursos Ltd significantly reduced its stake in Thermo Fisher Scientific Inc. by 98.7% in Q3, selling over 6,000 shares. This comes as Thermo Fisher reported strong Q3 earnings, beating analyst expectations with 7.2% year-over-year revenue growth, and announced a $5.0 billion share buyback program and a dividend increase. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $633.68, reflecting overall positive sentiment despite some institutional trading activity.

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