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Fly News Breaks for July 29, 2016
MJN
Jul 29, 2016 | 07:42 EDT
Societe General analyst Warren Ackerman downgraded Mead Johnson to Hold and lowered its price target to $95 from $100 saying he was disappointed with lowered 2016 guidance on LFL growth. Ackerman believes Mead is facing numerous execution issues and the recovery will be slower than previously expected, with the potential of another downgrade to guidance if sales growth doesn't improve in 2H 2016.
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