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In a report published Friday, Deutsche Bank reiterated its Buy rating on Mead Johnson Nutrition (NYSE: MJN), and raised its price target from $77.00 to $81.00.

Deutsche Bank noted, “Affirm BUY Opinion - In the face of building pessimism in late 2012 and into 2013, we maintained an optimistic view on Mead. With broad share gains in a typically rational and highly profitable category, the LT outlook remains bright. With an eventual U.S. recovery, non-China EM markets ramping up and good prospects in China/HK along with a reasonable global CPG valuation, we retain our BUY.”

Mead Johnson Nutrition closed on Thursday at $76.00.

Latest Ratings for MJN

DateFirmActionFromTo
Oct 2014Credit SuisseMaintainsOutperform
Oct 2014Deutsche BankDowngradesBuyHold
Jul 2014CitigroupMaintainsBuy

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Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

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