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M&T Bank Corp Decreases Holdings in Abbott Laboratories $ABT
M&T Bank Corp significantly reduced its stake in Abbott Laboratories (NYSE:ABT) by 91.5% during the fourth quarter, now holding 72,405 shares valued at $9.07 million. Despite this, other institutional investors have either increased their holdings or purchased new stakes in the healthcare product maker. Abbott Laboratories recently reported strong quarterly earnings, beating consensus estimates, and analysts maintain a “Moderate Buy” rating with a consensus price target of $119.43.