Abbott Laboratories (ABT) — This healthcare company develops, manufactures and sells products worldwide and has been in a bull market for more than 20 years.
However, ABT has spent this year in the narrow trading range of $48 to $60 while earnings have continued to improve.
The healthcare sector is considered to be defensive and ABT is generally regarded as a leader of the group. The target for current purchases is $60 and S&P has a 12-month target of $65.
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