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.

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Source Fool.com