Starter Stock Portfolio: 14 Safe Stocks to Buy Now

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13. AbbVie Inc. (NYSE:ABBV)

AbbVie Inc. (NYSE:ABBV) ranks among the 14 safe stocks to buy now for a starter stock portfolio. On February 24, RBC Capital began coverage of AbbVie Inc. (NYSE:ABBV) with an Outperform rating and a price target of $260. While mainstream opinion appears to be catching up on the company’s Skyrizi and Rinvoq sales, the firm states that AbbVie Inc. (NYSE:ABBV) still remains in the early stages of expansion and will continue to exceed.

RBC Capital warned that investors are overlooking long-term growth, noting that this decade has no substantial loss-of-exclusivity scenarios that do not rely on mergers and acquisitions.

The company claims that AbbVie Inc. (NYSE:ABBV) is trading at under 16x earnings, which puts it closer to pharma firms that are experiencing a significant loss of exclusivity incidents compared to high-growth companies. At the same time, AbbVie Inc. (NYSE:ABBV) is producing impressive earnings-per-share growth of about 17%, compared to competitors’ 6%.

AbbVie Inc. (NYSE:ABBV) is a research-based biopharmaceutical company that researches & develops, manufactures, commercializes, and sells medicines and therapies worldwide.

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