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Deutsche Bank Reiterates Buy Rating, $88 PT on Mead Johnson Nutrition

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In a report published Wednesday, Deutsche Bank reiterated its Buy rating and $88.00 price target on Mead Johnson Nutrition (NYSE: MJN).

Deutsche Bank noted, “Although the stock has been under pressure given concerns around China growth, we continue to view the LT outlook as compelling. Mead enjoys a modest premium valuation vs. global CPG peers. But we see this as justified given leading global share in a rational category, excellent margins, and investments that should yield high returns.”

Mead Johnson Nutrition closed on Tuesday at $73.59.

Latest Ratings for MJN

DateFirmActionFromTo
Aug 2016UBSInitiates Coverage onNeutral
Aug 2016CLSAUpgradesUnderperformOutperform
Jul 2016Societe GeneraleDowngradesBuyHold

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Posted-In: Deutsche BankAnalyst Color Reiteration Analyst Ratings

 

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