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

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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
Jul 2016JP MorganUpgradesNeutralOverweight
Jul 2016CitigroupMaintainsBuy
Jul 2016Bank of AmericaUpgradesUnderperformNeutral

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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