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Analysts Offer Insights on Healthcare Companies: AbbVie (ABBV), McKesson (MCK) and Regeneron (REGN)

Tipranks - Thu Apr 16, 6:31AM CDT

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on AbbVie (ABBV), McKesson (MCK) and Regeneron (REGN) with bullish sentiments.

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AbbVie (ABBV)

In a report released today, Terence Flynn from Morgan Stanley maintained a Buy rating on AbbVie, with a price target of $270.00. The company’s shares closed last Tuesday at $210.26, close to its 52-week high of $218.66.

According to TipRanks.com, Flynn is a 5-star analyst with an average return of 9.0% and a 54.4% success rate. Flynn covers the Healthcare sector, focusing on stocks such as Structure Therapeutics, Inc. Sponsored ADR, Arvinas Holding Company, and Vertex Pharmaceuticals. ;'>

Currently, the analyst consensus on AbbVie is a Moderate Buy with an average price target of $254.28, which is a 24.2% upside from current levels. In a report issued on April 4, TipRanks – PerPlexity also upgraded the stock to Buy with a $233.00 price target.

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McKesson (MCK)

Bank of America Securities analyst Allen Lutz maintained a Buy rating on McKesson today and set a price target of $1000.00. The company’s shares closed last Tuesday at $862.79.

According to TipRanks.com, Lutz is a 5-star analyst with an average return of 10.7% and a 61.9% success rate. Lutz covers the Healthcare sector, focusing on stocks such as Definitive Healthcare Corp, Hims & Hers Health, and Envista Holdings. ;'>

McKesson has an analyst consensus of Strong Buy, with a price target consensus of $981.22, a 13.7% upside from current levels. In a report issued on April 8, Evercore ISI also maintained a Buy rating on the stock with a $950.00 price target.

Regeneron (REGN)

In a report released today, Tazeen Ahmad from Bank of America Securities reiterated a Buy rating on Regeneron, with a price target of $860.00. The company’s shares closed last Tuesday at $755.51.

According to TipRanks.com, Ahmad is a 4-star analyst with an average return of 2.5% and a 51.8% success rate. Ahmad covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, KalVista Pharmaceuticals, and Bicara Therapeutics Inc. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Regeneron with a $876.36 average price target, implying a 17.6% upside from current levels. In a report issued on March 31, Piper Sandler also initiated coverage with a Buy rating on the stock with a $875.00 price target.

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