Credit Suisse Downgrades Mead Johnson Nutrition (MJN) to Neutral

Credit Suisse downgraded Mead Johnson Nutrition (NYSE: MJN) from Outperform to Neutral with a price target of $86.00.

Analyst R. Moskow commented, "We are downgrading Mead Johnson (MJN) to Neutral because the stock's recent rally has made the risk-reward profile less attractive. With management calling 2016 a "transition year" and 2017 a year for "building momentum," we expect a long wait before the company can return to a pattern of double-digit EPS growth."

The firm lowered estimates accordingly.

For an analyst ratings summary and ratings history on Mead Johnson Nutrition click here. For more ratings news on Mead Johnson Nutrition click here.

Shares of Mead Johnson Nutrition closed at $79.25 yesterday.

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