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Fly News Breaks for July 26, 2016
MJN
Jul 26, 2016 | 06:24 EDT
JPMorgan analyst Ken Goldman upgraded Mead Johnson to Overweight saying he believes the company's long-term margins will rise faster and higher than the Street currently expects. The analyst recommends using any weakness from this Thursday's earnings report as a buying opportunity. His upgrade is not a call on the quarter. Goldman upped his price target for the shares to $105 from $85.
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