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Credit Suisse Reiterates Outperform on Mead Johnson Nutrition Following Management Meetings in China

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Credit Suisse Reiterates Outperform, Raises Price Target On Mead Johnson Nutrition On Multiple Positive Factors
Earnings Scheduled For January 29, 2015

In a report published Thursday, Credit Suisse analyst Robert Moskow reiterated an Outperform rating and $90.00 price target on Mead Johnson Nutrition Co. (NYSE: MJN).

In the report, Credit Suisse noted, “We recently attended meetings in China with Mead management. While the company is still struggling to get its arms around the volatility in the Chinese market, we continue to believe that there is some upside to consensus estimates owing to share gains from the temporary recall of competitors Danone and Abbott. This ‘gift' along with the easy comparisons to last year's missteps will give the stock some cover over the next two quarters while the Chinese market stabilizes.”

Mead Johnson Nutrition Co. closed on Wednesday at $74.25.

Latest Ratings for MJN

DateFirmActionFromTo
Jan 2015CitigroupMaintainsBuy
Jan 2015Morgan StanleyMaintainsEqual-weight
Jan 2015NomuraInitiates Coverage onBuy

View More Analyst Ratings for MJN
View the Latest Analyst Ratings

Posted-In: Credit Suisse Robert MoskowAnalyst Color Reiteration Analyst Ratings

 

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