AbbVie: Strong Growth Ahead [Seeking Alpha]
Abbott Laboratories (ABT)
Last abbott laboratories earnings: 4/16 07:30 am
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US:NYSE Investor Relations:
abbott.com/investors.html
Company Research
Source: Seeking Alpha
SummaryThe pending $63 billion acquisition of Allergan is expected to close by summer 2020.Management expects the acquisition to produce $2 billion in synergies.ABBV maintained a strong pipeline prior to the acquisition, but this will only strengthen as well as diversify the current and future portfolio.AbbVie Inc. (High quality is exactly what ABBV has been. The company hit its stride in 2017 into the beginning of 2018 as Humira sales catapulted the stock to its all-time high of $125.86 in January 2018. Today, shares of ABBV are trading around $80, which is roughly a 36% drop from those highs.At current levels, ABBV is now trading at the same level it was when it announced they were acquiring Allergan (AGNAbbVie is primed for strong growth in the years ahead, and I believe the addition of Allergan will only further build upon that.Source: Allergan.comAcquiring Allergan Adds Much-Needed DiversificationOn June 25, 2019, ABBV announced that they would beacquiring Allergan for $63 billio
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ABT
Earnings
- 7/18/24 - Beat
ABT
Sec Filings
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- ABT's page on the SEC website