AbbVie (ABBV) Tops Q3 EPS by 12c, Lifts FY EPS Guidance

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Abbvie (ABBV) PT Lowered to $71 at BMO Capital

November 5, 2018 8:47 AM EST

BMO Capital analyst Alex Arfaei lowered the price target on Abbvie (NYSE: ABBV) to $71.00 (from $78.00) while maintaining a Underperform rating.

The analyst commented, "3Q18 was fine, but not great; particularly the Imbruvica beat. The market is ignoring management's long-term guidance, and signals of... More