Categories: Business

Credit score Suisse Says AbbVie’s Humira Patent Cliff Might Present Momentum to Increase Progress

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  • Credit score Suisse has initiated protection on AbbVie Inc (NYSE: ABBV) with an Outperform score and a worth goal of $170.

  • AbbVie stands on the sting of best-selling Humira’s U.S. lack of exclusivity (LOE) in 2023. Whereas this stays the main target of investor discussions, Credit score Suisse sees it as a catalyst to push the narrative from a worth story to a development story.

  • In line with Credit score Suisse analysts, the administration has put the constructing blocks for development with Skyrizi, Rinvoq, and aesthetics, that are underappreciated.

  • Associated: AbbVie Studies Blended Earnings, Tightens Steerage, Lifts Quarterly Dividend.

  • In contrast to most friends, there’s probably restricted urgency for enterprise growth (BD), on condition that no different significant LOEs are till 2029. Given its robust money era and excessive dividend yield, low valuation is a beautiful entry level as administration executes on returning to development in 2024.

  • Value Motion: ABBV shares are up 1.80% at $154.895 on the final test Friday.

  • Picture Through Firm

Newest Scores for ABBV

Date

Agency

Motion

From

To

Feb 2022

UBS

Downgrades

Purchase

Impartial

Feb 2022

Mizuho

Maintains

Purchase

Feb 2022

Barclays

Maintains

Equal-Weight

View Extra Analyst Scores for ABBV

View the Newest Analyst Scores

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