Is Johnson & Johnson Stock A Better Pick Over AbbVie?

IRVINE, CALIFORNIA - OCTOBER 17: The Johnson & Johnson logo is displayed at company offices on ... [+] October 17, 2023 in Irvine, California. (Photo by Mario Tama/Getty Images)Getty ImagesWe believe that the pharmaceuticals bellwether Johnson & Johnson (NYSE: JNJ) is currently a better pick over its peer AbbVie (NYSE: ABBV). AbbVie ABBV trades at a higher valuation of 5.5x trailing revenues, compared to 4.6x for JNJ. However, we think that this valuation gap will likely narrow over the coming years in favo ...