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Why is the Abbott stock price falling?

The stock price of Abbott (NYSE: ABT) has seen a fall of 7% in a month, while it declined 4% in a week. This can largely be attributed to its recent voluntary recall of three types of baby formula - Similac, Alimentum, and EleCare - all manufactured in its Sturgis plant and with an expiration of April 1 or later.

Is Abbott Laboratories stock a buy?

Abbott Laboratories stock has received a consensus rating of buy. The average rating score is Aa3 and is based on 49 buy ratings, 6 hold ratings, and 0 sell ratings. What was the 52-week low for Abbott Laboratories stock? The low in the last 52 weeks of Abbott Laboratories stock was 89.68.

Will Abbott (Abt) stock rise in the near-term?

We expect Abbott to report revenues and earnings above the consensus estimates, driven by continued growth in diagnostics business, along with a rebound in demand for medical devices. We expect the company to navigate well based on these trends over the latest quarter, and ABT stock to rise in the near term.

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