Evercore ISI raised the firm’s price target on Abbott (ABT) to $140 from $138 and keeps an Outperform rating on the shares after the company reported organic growth of 6.9% in Q1 and the strength was “broad based” along with an overall EPS beat as earnings grew about 11%. In an environment where uncertainty is the dominating theme, the ability to protect the bottom-line should be appreciated, says the analyst, who calls Abbott “the perfect stock to weather macro uncertainty.”
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