ConocoPhillips, Broadcom, Thermo Fisher Scientific And More On CNBC's 'Final Trades'

On CNBC’s "Halftime Report Final Trades," Rob Sechan of New Edge Capital Group named ConocoPhillips COP as his final trade.

On Wednesday, Citigroup maintained ConocoPhillips with a Buy and lowered the price target from $145 to $140. Mizuho maintained the stock with a Neutral and raised the price target from $126 to $127.

Liz Young of BNY Mellon Investment Management picked Energy Select Sector SPDR Fund XLE, and said that energy works both in bull or bull thesis this year.

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Joseph Terranova of Virtus Investment Partners said Broadcom Inc. AVGO is the "reasonable valuation AI trade in the semiconductor industry."

Broadcom won conditional approval Wednesday from the European Commission to complete its acquisition of Vmware, Inc VMW.

Jim Lebenthal of Cerity Partners said Thermo Fisher Scientific Inc. TMO is "high-quality" and trades at just under 20 times next year’s earnings.

Thermo Fisher Scientific recently agreed to acquire CorEvitas LLC from Audax Private Equity for $912.5 million in cash.

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Price Action

• Thermo Fisher Scientific shares gained 1.8% to $535.48 at last check Thursday morning
• Broadcom opened at $898.17 on Thursday
• ConocoPhillips shares opened at $109.92 on Thursday’s session.

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