Top 5 Stocks To Buy According To Thomas Steyer’s Farallon Capital

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

Farallon Capital’s Stake Value: $678 million
Percentage of Farallon Capital’s 13F Portfolio: 3.01%
Number of Hedge Fund Holders: 87

Thermo Fisher Scientific Inc. (NYSE:TMO) ranks third on the list of the top 10 stocks to buy according to Thomas Steyer’s Farallon Capital. The Massachusetts-based company is a provider of scientific instruments, reagents and consumables, and software services.

As of the end of the second quarter, 87 hedge funds tracked by Insider Monkey reported owning stakes in Thermo Fisher Scientific Inc. (NYSE:TMO). The total worth of these stakes is $7.39 billion.

On September 23, Goldman Sachs analyst Matthew Sykes upgraded Thermo Fisher Scientific Inc. (NYSE:TMO) stock to Conviction Buy from Buy, raising the price target to $690 from $600.

In its Q2 2021 investor letter, ClearBridge Investments mentioned Thermo Fisher Scientific Inc. (NYSE:TMO). Here is what they said:

“Two additional names in the health care sector in the quarter, partially funded with a sale, made strong contributions and helped push our relative exposure to the sector from underweight to overweight. We added Thermo Fisher Scientific to increase our exposure to health care tools, which has been an attractive and core segment within health care. Thermo Fisher’s instruments are used to monitor and protect air, water, and food quality, and the company has strong long-term fundamentals, a top-tier management team and a diversified business.”