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 (NYSE: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 (NYSE: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. (NASDAQ: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 (NYSE:VMW).

Jim Lebenthal of Cerity Partners said Thermo Fisher Scientific Inc. (NYSE: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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