Deutsche Bank Initiates Coverage On AbbVie with Hold Rating, Announces Price Target of $150
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst James Shin has initiated coverage on AbbVie (NYSE:ABBV) with a Hold rating and a price target of $150.
November 09, 2023 | 10:13 am
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Deutsche Bank has initiated coverage on AbbVie with a Hold rating and a price target of $150.
The Hold rating from Deutsche Bank suggests that the bank sees AbbVie's stock as fairly valued at current levels. The price target of $150 indicates where the bank believes the stock will trade in the near future. This news could have a neutral impact on the stock's price in the short term as it does not suggest a strong buy or sell sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100