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Stock impact report

RBC Capital Says AbbVie Inc. (ABBV) Growth Story Is Still in Early Stages [Yahoo! Finance]

AbbVie Inc. (ABBV) 
Last abbvie inc. earnings: 5/1 07:43 am Check Earnings Report
US:NYSE Investor Relations: investors.abbvie.com/investor-overview
Company Research Source: Yahoo! Finance
AbbVie Inc. (NYSE: ABBV ) ranks among the 14 safe stocks to buy now for a starter stock portfolio On February 24, RBC Capital began coverage of AbbVie Inc. (NYSE:ABBV) with an Outperform rating and a price target of $260. While mainstream opinion appears to be catching up on the company's Skyrizi and Rinvoq sales, the firm states that AbbVie Inc. (NYSE:ABBV) still remains in the early stages of expansion and will continue to exceed. RBC Capital warned that investors are overlooking long-term growth, noting that this decade has no substantial loss-of-exclusivity scenarios that do not rely on mergers and acquisitions. The company claims that AbbVie Inc. (NYSE:ABBV) is trading at under 16x earnings, which puts it closer to pharma firms that are experiencing a significant loss of exclusivity incidents compared to high-growth companies. At the same time, AbbVie Inc. (NYSE:ABBV) is producing impressive earnings-per-share growth of about 17%, compared to competitors' 6%. AbbVie Inc. Show less Read more
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