AbbVie gains on Leerink Partners upgrade to Outperform

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AbbVie (ABBV) shares jump after Leerink Partners upgraded the stock to Outperform, saying the recent sell-off creates an opportunity for investors. The pharmaceutical stock tumbled earlier in the month after failing to meet the goals of its mid-stage trial for its schizophrenia drug, rivaling Bristol-Myers Squibb (BMY). Julie Hyman and Madison Mills break down what investors need to know.

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This post was written by Naomi Buchanan.