Pick Either Abbott Stock Or Its Industry Peer – Both Are Likely To Offer Similar Returns

Pick Either Abbott Stock Or Its Industry Peer – Both Are Likely To Offer Similar Returns

We believe that Abbott stock and Medtronic stock in the medical devices industry will likely give similar returns over the next three years. Although Abbott is trading at a higher valuation of 4.2x trailing revenues, compared to 3.4x for MedtronicMDT, this gap in the valuation is justified…