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Fly News Breaks for February 2, 2016
ABT, ALR
Feb 2, 2016 | 06:05 EDT
Jefferies analyst Raj Denhoy downgraded Alere (ALR) to Hold saying he expects the takeover by Abbott (ABT) to close with no other bidders. The analyst raised his price target for the shares to $56 from $54.
News For ALR;ABT From the Last 2 Days
ABT
Apr 18, 2024 | 21:44 EDT
ABT
Apr 18, 2024 | 09:14 EDT
RBC Capital lowered the firm's price target on Abbott to $125 from $128 but keeps an Outperform rating on the shares. The analyst states that despite a strong Q1 with 10.8% underlying revenue and double-digit EPS growth, the stock was down 3%, which reflects sentiment on the broader MedTech space, where high expectations require a beat and raise for stocks to be rewarded. RBC maintains however that it sees upside potential for Abbott "as 2024 drivers take hold".
