Market Overview

UPDATE: Deutsche Bank Raises PT on Mead Johnson Nutrition Co. on Continued Positive Outlook

Related MJN
JP Morgan's New Way To Value Food Stocks Can Only Be Described As 'Fascinating'
What China Means For Staples Stocks

In a report published Monday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on Mead Johnson Nutrition Co. (NYSE: MJN), 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.

Latest Ratings for MJN

Jul 2015BMO CapitalMaintainsMarket Perform
Jul 2015Deutsche BankMaintainsHold
Jul 2015CitigroupMaintainsBuy

View More Analyst Ratings for MJN
View the Latest Analyst Ratings

Posted-In: Deutsche Bank Greg PooleAnalyst Color Price Target Analyst Ratings


Related Articles (MJN)

View Comments and Join the Discussion!

Get Benzinga's Newsletters