AbbVie (ABBV) Announces FDA Approval of RINVOQ

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Abbvie (ABBV) PT Raised to $150 at Cowen Following Rinvoq Approval

January 18, 2022 6:25 AM EST

Cowen analyst Steve Scala raised the price target on Abbvie (NYSE: ABBV) to $150.00 (from $130.00) while maintaining an Outperform rating after Rinvoq was approved in atopic dermatitis.

The analyst commented, "Rinvoq was approved in atopic dermatitis on Friday. The timing and details... More