Canaccord Raises Price Target on AbbVie Following Apogee Acquisition
Following AbbVie’s acquisition of Apogee Therapeutics, Canaccord raised its price target for AbbVie from $265 to $273 and reiterated a Buy rating. The firm believes the deal strengthens AbbVie's long-term growth prospects by adding a potential blockbuster immunology asset.
Topics: Biotech Mergers & Acquisitions Investment Research Pharmaceuticals