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

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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

DateFirmActionFromTo
Apr 2017Wells FargoDowngradesOutperformMarket Perform
Mar 2017Credit SuisseDowngradesOutperformNeutral
Feb 2017BMO CapitalDowngradesOutperformMarket Perform

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

 

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