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ING Groep NV Has $15.53 Million Position in Thermo Fisher Scientific Inc. $TMO
ING Groep NV significantly reduced its stake in Thermo Fisher Scientific Inc. (NYSE:TMO) by 80.0% in the third quarter, bringing its holding to $15.53 million. Despite institutional selling, analysts generally maintain a “Moderate Buy” rating for the stock with an average target price of $633.68. Thermo Fisher Scientific also initiated a $5.00 billion stock buyback program, indicating management’s belief that shares are undervalued.