UPDATE: Deutsche Bank 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 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
|Jun 2015||Deutsche Bank||Maintains||Hold|
|Jun 2015||Credit Suisse||Maintains||Outperform|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.