This Is Why Abbott Labs Is a Great Stock to Buy Right Now
Last year wasn't the best for most medical-device companies because hospitals postponed procedures in order to handle the wave of coronavirus patients. But Abbott Laboratories (NYSE: ABT) managed to flourish despite of this drag on its medical-device business.
The company posted increases in revenue and profit last year, thanks to its other business units -- and its big role in the coronavirus testing field. And the shares climbed 26%.
But it's not too late to get in on this growth story. Let's take a closer look at why right now is a great time to buy Abbott shares.
Source Fool.com
