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Zenger
Zenger
Business
Priya Nigam

AbbVie’s Underperformance, Deere’s Catch-Up Potential, And Pioneer’s Earnings Awaited

On CNBC’s “Halftime Report Final Trades,” Bryn Talkington of Requisite Capital Management said AbbVie Inc. (NYSE: ABBV) has a 4% yield and has underperformed this year at 10 times earnings.

AbbVie reported second-quarter adjusted EPS of $2.91, down 13.6% Y/Y, beating the consensus of $2.80.

Bill Baruch of Blue Line Futures named Pioneer Natural Resources Company (NYSE: PXD), which is due to report earnings this week.

Analysts expect the company to report quarterly earnings at $4.30 per share on revenue of $3.58 billion.

Jim Lebenthal of Cerity Partners said Deere & Company (NYSE: DE) is a “great catch-up trade.”

DA Davidson analyst Michael Shlisky recently maintained Deere with a Buy and raised the price target from $492 to $510.

Don’t forget to check out our premarket coverage here.

Price Action: Deere shares fell 0.4% to settle at $427.11, while Pioneer Natural Resources shares rose 1.3% to close at $223.40 on Friday. AbbVie shares rose 1.3% to close at $150.85 during the Friday’s session.

Photo via Shutterstock. 

© 2023 Zenger News.com. Zenger News does not provide investment advice. All rights reserved.

Produced in association with Benzinga

Edited by Jason Reed and Alberto Arellano

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