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AbbVie (ABBV) Gets a Buy Rating from Cowen & Co.


In a report released today, Steve Scala from Cowen & Co. maintained a Buy rating on AbbVie (ABBV), with a price target of $110. The company’s shares closed yesterday at $87.73.

Scala has an average return of 1.3% when recommending AbbVie.

According to TipRanks.com, Scala is ranked #1076 out of 4912 analysts.

Currently, the analyst consensus on AbbVie is a Hold with an average price target of $97.63, representing an 11.3% upside. In a report issued on November 6, Argus Research also maintained a Buy rating on the stock with a $115 price target.

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Based on AbbVie’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $8.24 billion and net profit of $2.74 billion. In comparison, last year the company earned revenue of $7 billion and had a net profit of $1.62 billion.

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