Market Overview

Morgan Stanley Speculates On Potential Abbott Laboratories Transaction

Share:
Related ABT
Benzinga's M&A Chatter for Monday February 1, 2015
Mid-Afternoon Market Update: Roper Technologies Falls Following Weak Results; Questar Shares Spike Higher
Recent Buy: Pfizer (Seeking Alpha)

In a report published Monday, Morgan Stanley analyst David R. Lewis reiterated an Overweight rating and $45.00 price target on Abbott Laboratories (NYSE: ABT).

In the report, Morgan Stanley noted, “Abbott is a unique healthcare asset, with high exposure to emerging markets and consumer- directed businesses, driving the potential for sustainable double digit earnings growth. Leverage opportunities are highly visible in both Nutritionals and Diagnostics, where peer margins demonstrate the potential for improvement. Expectations are low for the established pharma business, which has come under pressure in the developed markets and presents the potential for reacceleration as emerging market mix grows over time and austerity measures are lapped.”

Abbott Laboratories closed on Friday at $38.56.

Latest Ratings for ABT

DateFirmActionFromTo
Feb 2016Argus ResearchUpgradesHoldBuy
Jan 2016William BlairDowngradesOutperformMarket Perform
Jan 2016JefferiesMaintainsBuy

View More Analyst Ratings for ABT
View the Latest Analyst Ratings

Posted-In: David R. Lewis Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (ABT)

Get Benzinga's Newsletters