Credit Suisse analyst Robert Moskow upgraded Mead Johnson to Outperform and raised his price target to $100 from $76. The analyst said recent reports suggest Mead Johnson has hired an investment bank in response to inquiries from potential suitors Nestle and Danone. Moskow can not corroborate the story, but thinks it makes sense for both Nestle and Danone to view Mead Johnson as an attractive target at this point in time and believes management and the board would take a bid seriously. Both companies have been active acquirers in the Nutrition space, and with emerging markets demand slowing, Nestle and Danone's management would likely take a look at making a deal work through cost synergies, the analyst said. Further, Moskow said investors will benefit from a turnaround from an expansion in cost cutting efforts and demand-generation activities.