Evercore ISI analyst Gavin Clark-Gartner raised the firm’s price target on AbbVie (ABBV) to $207 from $205 and keeps an Outperform rating on the shares. AbbVie showed strong confidence in their neuro franchise, with positive sentiment around early-stage business development, while the reported, potential Gilgamesh acquisition could be “a boon for the psychedelics sector, with positive regulatory signals and strong data translating across mechanisms of action,” the analyst tells investors.
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