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M&G PLC Buys 47,644 Shares of Thermo Fisher Scientific Inc. $TMO
M&G PLC increased its stake in Thermo Fisher Scientific Inc. by 12.1%, purchasing 47,644 additional shares to hold a total of 441,410 shares, making it their 28th-largest holding. Despite significant insider selling over the past 90 days, the company reported strong quarterly earnings, beating EPS and revenue estimates, and authorized a $5 billion share buyback. Analysts maintain a “Moderate Buy” consensus rating with a price target of $633.68 for Thermo Fisher Scientific.