The newspaper cited forecasts from investment bank Stifel Nicolaus that Thermo Fisher earnings per share should grow in the "low-teens" percentage range in coming years, on moderate revenue growth and cost cuts.
"The company has shown a knack for squeezing costs out of its acquisitions by closing redundant offices, shifting production to low-cost regions, leveraging its volume with suppliers and more," Barron's said.
(Reporting by Ransdell Pierson; Editing by Sandra Maler)