Johnson & Johnson (JNJ) Declares $0.80 Quarterly Dividend; 2.8% Yield

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Jefferies Raises Price Target on Johnson & Johnson (JNJ) to $110

January 5, 2017 8:45 AM EST

Jefferies reiterated a Hold rating on Johnson & Johnson (NYSE: JNJ), and raised the price target to $110.00 (from $107.00).

Analyst Jeffrey Holford commented, "With biosimilars and generics expected to drag the next few years, we expect JNJ will continue look to M&A to augment... More