Evercore ISI Tweaks AbbVie (ABBV) Estimates, Lowers Price Target Marginally

On April 13, Evercore ISI lowered its terms proposal connected AbbVie Inc. (NYSE:ABBV) to $232 from $233. It reiterated an Outperform standing connected the shares. The accommodation came arsenic the expert updated estimates successful a Q1 preview note.

A fewer days earlier, connected April 6, AbbVie issued a preliminary fiscal update, lowering its net expectations for some the archetypal 4th and the afloat twelvemonth of 2026. The revision was driven by $744 cardinal successful pre-tax expenses tied to acquired in-process probe and improvement (IPR&D) and milestone payments recorded successful the archetypal quarter. This complaint reduced net by $0.41 per stock connected some a GAAP and adjusted non-GAAP basis.

With these changes, the institution present expects full-year 2026 adjusted diluted EPS to beryllium successful the scope of $13.96 to $14.16, compared with the statement estimation of $14.52 and anterior guidance of $14.37 to $14.57. For the archetypal quarter, guidance is acceptable astatine $2.56 to $2.60, versus the statement of $2.99 and earlier guidance of $2.97 to $3.01.

AbbVie Inc. (NYSE:ABBV) is simply a global, diversified research-based biopharmaceutical company. It is progressive successful the probe and development, manufacturing, commercialization, and merchantability of medicines and therapies crossed areas specified arsenic Immunology, Oncology, Aesthetics, Neuroscience, Eye Care, and different cardinal products.

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