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UPDATE: Stifel Nicolaus Initiates Johnson & Johnson at Hold; Fairly Valued

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Stifel Nicolaus initiated coverage on Johnson & Johnson (NYSE: JNJ) with a Hold rating.

Stifel Nicolaus noted, "We are initiating coverage of Johnson & Johnson (JNJ) with a Hold rating. We see JNJ as a core health care holding and total return vehicle in any environment for investors looking for safety and stability, particularly in these uncertain times. As JNJ continues to resolve recent issues and ex-FX sales growth reaccelerates modestly in each year over the next few years, JNJ shares should sustain its 12.6x forward P/E multiple, in line with the S&P 500."

Johnson & Johnson closed at $69.19 on Monday.

Latest Ratings for JNJ

DateFirmActionFromTo
Aug 2014JefferiesMaintainsHold
Jul 2014CitigroupMaintainsBuy
Jul 2014Deutsche BankMaintainsHold

View More Analyst Ratings for JNJ
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Posted-In: Stifel NicolausAnalyst Color Initiation Intraday Update Analyst Ratings

 

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