Abbott Labs (ABT) Receives a Buy from Guggenheim


Guggenheim analyst Christopher Pasquale reiterated a Buy rating on Abbott Labs (NYSE: ABT) on October 18 and set a price target of $80. The company’s shares closed on Friday at $67.59.

According to TipRanks.com, Pasquale is a 5-star analyst with an average return of 25.3% and a 77.3% success rate. Pasquale covers the Healthcare sector, focusing on stocks such as Boston Scientific Corp, Edwards Lifesciences, and Wright Medical Group.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Abbott Labs with a $78.91 average price target, implying a 16.7% upside from current levels. In a report issued on October 15, Barclays also initiated coverage with a Buy rating on the stock with a $80 price target.

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The company has a one-year high of $74.15 and a one-year low of $53.61. Currently, Abbott Labs has an average volume of 5.72M.

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