Why Abbott Labs Stock Is Jumping Today
Shares of Abbott Laboratories (NYSE: ABT) were jumping 7.6% higher as of 10:53 a.m. EST on Thursday. The big gain came after Raymond James analysts upped the price target for the stock to $126, reflecting a premium of more than 10% to Abbott's closing price on Wednesday.
Investors shouldn't put too much emphasis on analysts' price targets. However, it's prudent to understand why analysts like (or dislike) a particular stock.
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Source Fool.com
