Deutsche Bank Reiterates a 'Buy' on Mead Johnson Nutrition (MJN); Raising Numbers on Strong Q1
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Price: $89.98 --0%
Rating Summary:
3 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank reiterates a 'Buy' on Mead Johnson Nutrition (NYSE: MJN) price target raised from $85 to $92.
Deutsche analyst said, "Unlike most companies we cover, Mead enjoys well balanced volume vs. price while delivering on profit expectations. This rare dynamic combined with a compelling LT outlook has resulted in a high valuation. We continue to see solid fundamentals given leading global share in a rational category and accelerating investment that should yield high returns...With 1Q12 results above estimates, we raise our EPS forecast: 2012 goes to $3.10 from $3.08, 2013 goes to $3.62 from $3.58."
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 $86.53 yesterday.
Deutsche analyst said, "Unlike most companies we cover, Mead enjoys well balanced volume vs. price while delivering on profit expectations. This rare dynamic combined with a compelling LT outlook has resulted in a high valuation. We continue to see solid fundamentals given leading global share in a rational category and accelerating investment that should yield high returns...With 1Q12 results above estimates, we raise our EPS forecast: 2012 goes to $3.10 from $3.08, 2013 goes to $3.62 from $3.58."
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 $86.53 yesterday.
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