Loading...
Loading...
J.P. Morgan assigned Johnson & Johnson
JNJ a Neutral rating in a research report published today. J.P. Morgan has a price target of $69 for Johnson & Johnson.
In the report, J.P. Morgan states, "J&J has weathered a difficult couple of years, facing challenges on multiple fronts, including in 2008-09 generic competition for Risperdal and Topamax and the loss of significant DES share from increased competition. In 2010, economic pressures weighed on both the Medical Device and Consumer segments to a degree few had anticipated, while Pharma dealt with Healthcare reform (Est. 2010 Impact: $380M and $0.09) and newfound pricing pressures in Europe (Est. 2010 Impact: $120M and $0.03). Finally, there was McNeil, which struggled through a series of highly public recalls, pressuring both sales and EPS (Est. 2010 Impact: $900M and $0.12)."
Shares of Johnson & Johnson were trading at $60.89 at the time of posting, down 0.33% from Tuesday's market close.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in