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Stock Market & Financial Investment News

News Breaks
January 2, 2013
08:23 EDTABTAbbott shares attractive following spin-off, says Wells Fargo
After Abbott spun off its proprietary pharmaceuticals business, Wells Fargo believes the new Abbott's stock is attractive, partly due to what the firm sees as the company's above-average top- and bottom-line growth outlook and significant margin expansion opportunities. The firm lowered its valuation range for the stock to $33-$34 from $71-$74 to reflect the spin-off, and maintains an Outperform rating on the shares.
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August 18, 2014
09:00 EDTABTAbbott and Defense Department to develop portable blood tests
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