Deutsche Bank Lifts Price Target on Mead Johnson (MJN)

Earlier, Deutsche Bank raised its price target on Buy-rated Mead Johnson Nutrition (NYSE: MJN) from $73 to $79.

The firm comments, "While a weak U.S. category and volatile inputs are near term concerns, we nevertheless view the LT outlook as compelling. Despite a premium valuation, we see fundamentals and upside as attractive given Mead’s leading global share in a rational category with excellent margins and accelerating investment that is likely to yield high returns."

For more ratings news on Mead Johnson Nutrition click here and for the rating history of Mead Johnson Nutrition click here.

Shares of Mead Johnson Nutrition closed at $74.07 yesterday.

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