Barclays lifts Abbott PT on Exact Sciences acquisition

Abbott Laboratories

08/04/2026 11:53

** Barclays raises PT on medical device maker Abbott Laboratories ABT.N to $144 from $142

** Reiterates rating at "overweight"

** Barclays says it updated its model to reflect Abbott’s acquisition of Exact Sciences, lifting revenue estimates while factoring in near-term earnings dilution

     ** The new price target represents a 41.4% upside to the stock's last close

** Brokerage raises its 2026 sales forecast by about 6%, in line with management’s outlook, but cuts EPS estimates by roughly 4% due to deal-related dilution

** Barclays expects the Exact acquisition to be modestly dilutive in 2026 and 2027, with earnings turning accretive longer term

** Twenty-three of 31 brokerages rate the stock "buy" or higher, 8 "hold"; their median PT is $134.4, according to data compiled by LSEG

** As of last close, stock down 18.7% YTD

 (Reporting by Siddhi Mahatole)

 ((siddhi.mahatole@thomsonreuters.com))