BUZZ - Abbott shares fall as it lowers 2026 sales growth forecast and plans to spin off its nutrition business

October 21 - ** Abbott (ABT.N) shares fell 3.88% in pre-market trading to $98.47

** The company (link) plans to spin off its nutrition business into an independent publicly traded company

** Abbott lowered its 2026 sales growth forecast

** Abbott now expects sales growth of about 6% in 2026, down from its previous estimate of 6.5% to 7.5%

** The spin-off is expected to be completed by the end of 2027

** As of the close of the previous trading day, the stock had fallen 18.23% year to date

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