NYSE:ABTMedical Equipment
Is Abbott Laboratories (ABT) Pricing Reflect Its Medical Device And Diagnostics Momentum?
If you are wondering whether Abbott Laboratories at around US$121 a share is offering fair value or a potential mispricing, you are in the right place.
The stock is modestly positive over 1 year with a 5.7% return, but has seen shorter term pullbacks with a 2.5% decline over 7 days and a 3.4% decline over 30 days, while the 3 and 5 year figures sit at 14.2% and 15.7% respectively.
Recent headlines around Abbott Laboratories have focused on its position in medical devices and diagnostics, as...