Why Abbott Labs Stock Is Jumping Today

Why Abbott Labs Stock Is Jumping Today

Shares of Abbott Laboratories (NYSE: ABT) were jumping 7.6% higher as of 10:53 a.m. EST on Thursday. The big gain came after Raymond James analysts upped the price target for the stock to $126, reflecting a premium of more than 10% to Abbott's closing price on Wednesday. Investors shouldn't put too much emphasis on analysts' price targets.