AbbVie Receives An Upgrade From Vetr
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
Mar 2017 | Goldman Sachs | Maintains | Buy | Buy |
Nov 2016 | Citigroup | Downgrades | Buy | Neutral |
Oct 2016 | Credit Suisse | Downgrades | Outperform | Neutral |
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