Also known as: Berenberg Bank
Berenberg Bank is a German private and merchant bank headquartered in Hamburg. Founded in 1590, it is widely regarded as the world’s oldest merchant bank and operates across investment banking, wealth management, asset management, and corporate banking. The firm is organized as a private limited partnership.
AbbVie has received a "Moderate Buy" consensus rating from analysts with an average price target of $253.15. The company reported strong quarterly earnings of $2.71 EPS and $16.62 billion revenue, beating estimates. Recent clinical progress includes positive Phase 1 results for an obesity drug candidate showing 7.8-9.8% weight loss.
AbbVie reported stronger-than-expected Q4 revenue of $16.62 billion and EPS of $2.71, beating consensus estimates. The company advanced a toxin-based therapy in Phase 2 trials and filed suit challenging Medicare drug-price negotiations for Botox.
