tiprankstipranks
Trending News
More News >

Abbott price target raised to $127 from $117 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Abbott (ABT) to $127 from $117 and keeps an Equal Weight rating on the shares. Abbott “sounded comfortable despite macro uncertainties,” says the analyst, who sees “a lot to like” about Abbott’s defensiveness and optionality. However, this is probably captured already by the stock’s year-to-date outperformance and the stock’s premium multiple, the analyst tells investors.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue