Barclays Maintains Overweight on AbbVie, Lowers Price Target to $187
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Carter Gould maintains an Overweight rating on AbbVie (NYSE:ABBV) and lowers the price target from $195 to $187.
April 29, 2024 | 3:27 pm
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NEUTRAL IMPACT
Barclays maintains an Overweight rating on AbbVie, with a reduced price target from $195 to $187.
The adjustment in price target by Barclays reflects a nuanced view on AbbVie's valuation, suggesting a positive outlook albeit with a slightly reduced growth expectation. This could lead to a neutral short-term impact on AbbVie's stock as the market digests the implications of the revised price target against the backdrop of an overall bullish stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100