Market Overview

UPDATE: Stifel Nicolaus Initiates Abbott Laboratories at Buy Post Spin

Share:
Related ABT
Abbott Laboratories Makes BMO Capital's Top Picks List
5 Biggest Price Target Changes For Tuesday
Abbott raising quarterly dividend (Seeking Alpha)

Stifel Nicolaus initiated Abbott Laboratories (NYSE: ABT) with a Buy rating and a $40.00 price target.

Stifel Nicolaus commented, "Post-spin, we believe Abbott is now a balanced, diversified medical products company with an attractive, long-term outlook for mid-to-upper single-digit sales growth and low double-digit EPS growth. Although ABT currently trades at a premium to its peers, we see potential for further EPS upside over time, driven by an intensified focus on growth and margin enhancing initiatives. Using a sum-of-the-parts valuation framework, we arrive at a $40 target price."

Abbott Laboratories closed at $34.46 on Thursday.

Latest Ratings for ABT

DateFirmActionFromTo
Dec 2017BMO CapitalUpgradesMarket PerformOutperform
Oct 2017BarclaysMaintainsOverweight
Oct 2017CitigroupMaintainsNeutral

View More Analyst Ratings for ABT
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Initiation Analyst Ratings

 

Related Articles (ABT)

View Comments and Join the Discussion!