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AbbVie Receives An Upgrade From Vetr

Chris Dier-Scalise

On Tuesday, the Vetr crowd upgraded their rating for AbbVie Inc (NYSE: ABBV), from 3 stars (Hold), issued four days ago, to 4.5 stars (Strong Buy). At the time of the upgrade, crowd sentiment for AbbVie was generally positive, with 63 percent of Vetr user ratings bullish.

Share price in the biopharma company has been trending up since mid-February, gaining over 8.5 percent. In that span, AbbVie released a solid Q4 earnings report, meeting an EPS estimates and just missing revenue estimates. The stock also picked up an upgrade from Goldman Sachs who put the stock at Buy.

By today's close, AbbVie was down slightly on the day at $65.67

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Currently, the Vetr crowd's average target price for AbbVie is up at $74.72, which is above the average analyst target price of $70.33. Less than 2 percent of Vetr users are holding ABBV in their watch lists

Latest Ratings for ABBV

Date Firm Action From To
Mar 2017 Goldman Sachs Maintains Buy Buy
Nov 2016 Citigroup Downgrades Buy Neutral
Oct 2016 Credit Suisse Downgrades Outperform Neutral

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