September 17, 2013 12:10 PM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Tuesday, J.P. Morgan analyst Ken Goldman upgraded the rating on
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NYSE: MJN) from Neutral to Overweight, and raised the price target from $78.00 to $88.00.In the report, J.P. Morgan noted, “We believe today, when analyzing MJN, the company's top line growth should be valued more highly than the pending cost headwinds and the possibility of further Chinese government intervention. With relatively easy comparisons approaching, cash flow set to rise in a year because of less capital spending, the possibility of China easing its one baby policy, slightly better birth rates in the US, and the company perhaps suggesting a more aggressive stock buyback to come, we think the EPS and EBITDA growth opportunity is stronger for MJN than at any time in the last year. We raise 2014E to $3.64 from $3.56 (consensus $3.56) and introduce 2015E at $4.08 (consensus $3.93). We establish a December 2014 price target of $88; our previous December 2013 target was $78.”Mead Johnson Nutrition closed on Monday at $75.64.
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