
Invesco Ltd. Boosts Holdings in Abbott Laboratories $ABT

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Invesco Ltd. increased its stake in Abbott Laboratories by 51% in Q3, owning 13,951,907 shares valued at approximately $1.87 billion. Other investors also raised their positions, with 75.18% of the stock held by institutional investors. Analysts have mixed views on Abbott, with price targets ranging from $119 to $140, and a consensus rating of "Moderate Buy." Recent positive developments include clinical evidence supporting Abbott's diabetes products and a marketing partnership with Real Madrid. However, Q4 revenue fell short of expectations, contributing to mixed analyst sentiment.
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