UPDATE: Deutsche Bank Lowers PT on Mead Johnson Nutrition from $88 to $85

Deutsche Bank Reiterates a buy rating on Mead Johnson Nutrition

and lowered its price target from $88 to $85. Deutsche Bank commented, “Our history with global CPG leaders is that opportunities to purchase their stock on weakness are rare. We see the market's fixation on China today vs. Mead's and the category's excellent LT prospects as a compelling entry point. We view valuation vs. global CPG peers (share leaders, solid returns) as relatively attractive and retain a BUY opinion” Mead Johnson Nutrition closed at $70.69 on Thursday.