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Fly News Breaks for January 23, 2017
NSRGY, MJN
Jan 23, 2017 | 07:19 EDT
Citi analyst David Driscoll says his firm's proprietary China surveys continued to suggest on-going positive momentum for Mead Johnson (MJN). Super premium Enfinitas continues to climb the internet bestsellers list while Mead is gaining shelf space, the analyst tells investors in a research note. Driscoll notes that for the third time over the past two and a half years, takeover speculation surfaced in a media report. This time a media report said that Nestle (NSRGY) is interested in Mead. Driscoll's analysis places a $110 takeout value on the company. He keeps a buy rating on Mead with an $88 price target.
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