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UPDATE: Jefferies Lowers PT on Johnson & Johnson Following Global Pharma Review

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In a report published Friday, Jefferies analyst Jeffrey Holford reiterated a Hold rating on Johnson & Johnson (NYSE: JNJ), but lowered the price target from $97.00 to $91.00.

In the report, Jefferies noted, “We reiterate Novartis as our Top European and Global Pick with positive growth inflection potential in 2014 and significant restructuring optionality being key drivers. Abbott is our Top US Pick for similar reasons. We highlight Roche, Sanofi and AbbVie as potentially offering particularly attractive entry points following the recent sell-off. AstraZeneca is now our Least Preferred stock.”

Johnson & Johnson closed on Thursday at $83.68.

Latest Ratings for JNJ

DateFirmActionFromTo
Jun 2016JefferiesMaintainsHold
May 2016Standpoint ResearchInitiates Coverage onSell
May 2016BTIG ResearchDowngradesBuyNeutral

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Posted-In: Jefferies Jeffrey HolfordAnalyst Color Price Target Analyst Ratings

 

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