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Abbott shares spike after deal with FDA to reopen baby formula plant

May 17, 2022 3:18 PM ETAbbott Laboratories (ABT) StockBy: Dulan Lokuwithana, SA News Editor3 Comments

Abbott Laboratories headquarters in Silicon Valley

Sundry Photography/iStock Editorial via Getty Images

Despite a price target cut on Wall Street on Tuesday, Abbott (NYSE:ABT) shares have recorded the best intraday gain since January 2021, when the stock climbed ~5% in a single day.

The uptick

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