Barclays analyst Matt Miksic raised the firm’s price target on Abbott (ABT) to $149 from $143 and keeps an Overweight rating on the shares. The firm now expects Abbott’s share of the necrotizing enterocolitis liability to be closer to the low end of the expected range, or $1B-$3B. The company’s earnings growth, excluding a 5c-10c per year contribution from COVID, is projected to grow 11% growth between in 2024 and 2026, the analyst tells investors in a research note.
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