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Fly News Breaks for July 25, 2016
MJN
Jul 25, 2016 | 07:07 EDT
Citi analyst David Driscoll says his firm's latest China survey gives him more confidence that Mead Johnson is successfully executing its turnaround strategy. Mead reclaimed the title of top share gainer according to Citi's survey respondents in Q2 for the first time in a year, Driscoll tells investors in a research note. The analyst raised his Q2 estimates for Mead above consensus and upped his price target for the shares to $105 from $105. He keeps a Buy rating on the name.
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