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Goldman Sachs Reinstates Johnson & Johnson (JNJ) at Neutral

May 30, 2024 7:25 AM EDT

Goldman Sachs analyst Chris Shibutani reinstates coverage on Johnson & Johnson (NYSE: JNJ) with a Neutral rating and a price target of $160.00.

The analyst comments "We reinstate a rating on JNJ at Neutral. Over the near term (2024/25) we expect that JNJ's revenue and earnings growth is likely to remain tethered at relatively modest low single-digit levels,... More