NEW YORK ( TheStreet) -- With shares of Abbott Laboratories (ABT - Get Report) down by more than 15% since May, investors in the healthcare conglomerate are still trying to figure out whether management was correct in its decision earlier this year to separate the company's strong drug business into a new spinoff entity called AbbVie (ABBV).While the decision to break up the company was initially met with excitement, the remaining portions of Abbott, which consists of (among others) the devices and nutrition businesses, have struggled with revenue growth. Consequently, since the stock reached a 52-week high of $38.77 per share in May, shares have not only lagged both Johnson & Johnson (JNJ) and Medtronic (MDT), but Abbott has also been outperformed by its spun-off arm AbbVie.
Abbott Needs a Growth Injection
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