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Fly News Breaks for March 16, 2016
MJN
Mar 16, 2016 | 08:57 EDT
CLSA analyst Michael Lavery noted that Mead Johnson is once again the target of media speculation about a potential takeover deal, as it was in 2014 and 2009, and while he would "not dismiss any report out of hand," he also is not yet inclined to think the renewed speculation means a deal for the company is a given. Lavery keeps an Underperform rating and $72 price target on Mead Johnson shares.
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