Wells Fargo Downgrades Johnson & Johnson (JNJ) to Equal Weight

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Johnson & Johnson (JNJ) 'EPS growth will be muted' over the next few years - Wells Fargo

December 13, 2023 10:22 AM EST

Johnson & Johnson (NYSE: JNJ) was cut to Equal Weight from Overweight at Wells Fargo on Wednesday, with the firm cutting its price target for the stock to $163 from $170 per share.

Analyst Larry Biegelsen said in a note to clients that they believe the company's earnings growth over the... More