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Fly News Breaks for June 10, 2015
MJN
Jun 10, 2015 | 14:18 EDT
Credit Suisse lowered Outperform rated Mead Johnson estimates and reduced its price target to $110 from $112 to reflect the slower pace of growth in its China e-commerce initiative and the slow pace of recovery in the Hong Kong business. The firm's analyst believes Mead Johnson has the right strategy for expanding e-commerce but pushed out its market shares assumptions following management's cautious commentary.
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