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Abbott Laboratories (NYSE:ABT) target bumped up to $49.00, released a research note today by Zacks Investment Research

In a statement issued on 05/16/2017 Zacks Investment Research upped the price target of Abbott Laboratories (NYSE:ABT) to $49.00 indicating a possible upside of 0.11%.

Previously on Monday May 15, 2017, Jefferies & Co reported on Abbott Laboratories (NYSE:ABT) increased the target price from $50.00 to $51.00. At the time, this indicated a possible upside of 0.16%.

Yesterday Abbott Laboratories (NYSE:ABT) traded 0.17% higher at $44.12. The company’s 50-day moving average is $43.99 and its 200-day moving average is $41.93. The last closing price is up 5.02% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time period. 2,226,192 shares of the stock traded hands, down from an average trading volume of 6,970,260

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Abbott Laboratories (NYSE:ABT)

Abbott Laboratories has a 52 week low of $36.76 and a 52 week high of $45.84 with a P/E ratio of 45.82 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 15 brokers have issued a report on the company. The average stock price target is $46.73 with 6 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 6 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Abbott Laboratories (NYSE:ABT)

Abbott Laboratories is engaged in the discovery, development, manufacture and sale of a range of healthcare products. The Company operates through four segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products and Vascular Products. Its Established Pharmaceutical Products include a range of branded generic pharmaceuticals manufactured around the world and marketed and sold outside the United States. Its Diagnostic Products include a range of diagnostic systems and tests. Its Nutritional Products include a range of pediatric and adult nutritional products. Its Company's Vascular Products include a range of coronary, endovascular, vessel closure and structural heart devices for the treatment of vascular disease. The Company, through St. Jude Medical, Inc., also offers products, such as rhythm management products, electrophysiology products, heart failure related products, vascular products, structural heart products and neuromodulation products.

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