The investment firm boosted its view on BSX from “underweight” to “neutral,” sending share prices up from a Sept. 26 close of $5.93. The stock broke the six-dollar mark yesterday, marking a high of $6.30 before falling back to $6.09 at the market’s close – a 2.7 percent gain on the day, abetted by an overall market recovery. Shares were trading at $6.13 as of about 1 p.m. today.
The JP Morgan researchers were less kind to ABT shares, lowering their rating from “overweight” to “neutral” yesterday. The market rebound helped Abbott gain despite the news – shares started the day at $50.59, hitting a $51.67 high before closing at $51.20 yesterday. ABT shares were trading at $51.66 today as of about 1 p.m., up nearly 1 percent for the day.