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Zions Bancorporation National Association UT Boosts Stock Holdings in Thermo Fisher Scientific Inc. $TMO
Zions Bancorporation National Association UT significantly increased its stake in Thermo Fisher Scientific Inc. (NYSE:TMO) by 27.5% in the third quarter, bringing its total holdings to 12,639 shares valued at $6.13 million. This move is part of a broader trend of institutional investment, with other major funds like Vanguard Group, Norges Bank, Franklin Resources, Bank of New York Mellon Corp, and Charles Schwab Investment Management also adjusting their positions. Despite recent insider selling, analysts maintain a “Moderate Buy” consensus rating for TMO with a target price of $633.68, reflecting confidence in the company’s financial performance and a recent $5 billion stock buyback authorization.