Home Stock Ideas Long Ideas Healthcare  Summary Abbott Laboratories trades at a decade low of 17.7x forward earnings despite 13.2% Q1 2026 Medical Devices growth and a 54-year dividend streak. Three underappreciated catalysts—Exact Sciences synergy, CMS CGM expansion, and Nutrition margin recovery—could drive $1.27–$1.73 incremental EPS by 2028–2029. Consensus underestimates ABT’s commercial leverage, with distribution synergies and CMS reimbursement expansion offering asymmetric upside not priced into current models. I assign ABT a BUY rating, with a 12-month price target of $126 and multi-year intrinsic value above $150, supported by strong cash flow and dividend growth.…