Abbvie, Inc. (ABBV) Tops Q2 EPS by 6c; Guides Q3 EPS to Strong Side

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UPDATE: UBS Upgrades Abbvie (ABBV) to Buy

July 28, 2014 8:14 AM EDT

(Updated - July 28, 2014 10:40 AM EDT)

UBS upgraded Abbvie (NYSE: ABBV) from Neutral to Buy with a price target of $67 (from $57). Analyst Marc Goodman noted compelling risk/reward.

"Upgrading ABBV to a Buy rating and PT of $67 with 4-fold investment thesis (1) We like the Shire deal. It's accretive, diversifies earnings... More