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Fly News Breaks for April 18, 2016
MJN
Apr 18, 2016 | 08:26 EDT
Citi analyst David Driscoll raised his price target for Mead Johnson to $100 saying his firm's China retail survey indicated more signs of stabilization. Investor concern about the current pricing and competitive environment in China are overblown, Driscoll tells investors in a research note. The analyst recommends buying Mead shares and raised his Q1 earnings estimate for the company to 85c from 83c.
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