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Fly News Breaks for October 28, 2016
MJN
Oct 28, 2016 | 06:43 EDT
JPMorgan analyst Ken Goldman downgraded Mead Johnson to Neutral citing a lack of visibility after management reduced guidance for the fifth time in the last six quarters. They also backed off their 2018 margin target, Goldman points out in a post-earnings research note. He cut his price target for the shares to $75 from $90.
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