UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Mead Johnson Nutrition Co. on Continued Positive Outlook

In a report published Monday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on

, and raised the price target from $86.00 to $94.00. In the report, Deutsche Bank noted, “Despite a number of unexpected challenges the last 2 years, largely from China, we have been steadfast in our positive view. We still see potential upside based on China remaining a growth area, non-China EM ramping up, an eventual U.S. recovery, along with reasonable global CPG valuation and shareholder returns. We retain our BUY opinion.” Mead Johnson Nutrition Co. closed on Friday at $85.58.