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Abbott Labs reports strong Q1 earnings, beating estimates despite modest institutional ownership drop.
Abbott Laboratories (ABT) reported a solid first-quarter earnings beat, with EPS of $1.09 exceeding consensus estimates by $0.02.
Despite a slight decrease in shares held by Butensky & Cohen Financial Security Inc., the healthcare company continues to attract institutional investment.
The stock has a "Moderate Buy" rating and a target price of $142.59.
Abbott Labs, valued at $232.45 billion, also has a PE ratio of 17.46 and analysts predict a 5.14 EPS for the year.
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Abbott Labs informa fuertes ganancias del primer trimestre, superando las estimaciones a pesar de la caída modesta de la propiedad institucional.