Stifel analyst Rick Wise raised the firm’s price target on Abbott to $125 from $110 and keeps a Buy rating on the shares, telling investors that management had "an encouragingly positive tone to start 2023" on the company’s earnings call. With the company starting off with high-single-digit organic sales growth guidance and $4.30-$4.50 EPS guidance that "basically brackets current consensus," the 2023 setup "also appears encouraging," the analyst tells investors in a research note.
Published first on TheFly
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