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Fly News Breaks for July 21, 2017
JNJ
Jul 21, 2017 | 08:13 EDT
Atlantic Equities analyst Steve Chesney downgraded Johnson & Johnson to Underweight from Neutral saying the Q2 results "highlight underlying growth headwinds." The analyst also sees more challenging comps into FY18. On the pipeline, Chesney thinks expectations are already high for near-term catalysts including the COMPASS data. The analyst raised his price target for the shares to $113 from $112. J&J closed yesterday up $1.36 to $136.57. BTIG this morning also downgraded the shares to Sell.