3 Great Income Stocks That Retirees Should Love
Most Americans don't have to wait until they're retired to know that Social Security benefits won't be enough to maintain their current lifestyle. If they pay any attention to retirement planning advice, they know they will need other sources of income as well. Investing in dividend stocks is one great way to generate additional income.
Three Fool.com contributors were asked to discuss some great income stocks that they think retirees should love. They picked (NYSE: ABBV), Johnson Johnson (NYSE: JNJ), and Pfizer (NYSE: PFE). Here's why.
Keith Speights (AbbVie): There's no question that AbbVie is entering into a new era in its history. The big drugmaker can no longer depend on Humira to generate solid growth. Sales are declining for the blockbuster autoimmune-disease drug as it faces competition from biosimilars.
Source Fool.com
AbbVie Inc. Stock
The stock is an absolute favorite of our community with 31 Buy predictions and no Sell predictions.
As a result the target price of 180 € shows a slightly positive potential of 3.26% compared to the current price of 174.32 € for AbbVie Inc..
