First Global Reiterates LT Outperform on Abbott

First Global is out with its report today on Abbott (NYSE: ABT), reiterating LT Outperform.

In its report, First Global writes, "We believe that the separation of the company's businesses will lead to an improvement in the performance of each of its business and provide a boost to the stock's valuation multiples. We reiterate our rating of ‘LT Outperform' on ABT."

At the time of posting, shares of ABT were trading at $53.55, down 0.58% from Friday's close.