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JNJ

Johnson & Johnson

$131.75

-1.47 (-1.10%)

07:21
09/22/17
09/22
07:21
09/22/17
07:21

Johnson & Johnson shares should be bought ahead of results, says RBC Capital

RBC Capital analyst Glenn Novarro raised his price target on Johnson & Johnson to $144 from $138, citing "positive feedback" from the company and better than expected prescription trends this quarter. He thinks that the company will report beat and raise Q3 results, driving the stock higher, and recommends buying the shares ahead of the results.

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JNJ Johnson & Johnson
$131.75

-1.47 (-1.10%)

09/20/17
09/20/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Johnson & Johnson (JNJ) downgraded to Sell from Neutral at Goldman Sachs with analyst Jami Rubin saying pressure on key products combined with still-slow MD&D growth and continued strains on the consumer will leave the company with below average, long-term growth. 2. United Continental (UAL) downgraded to Market Perform at Raymond James with analyst Savanthi Syth saying an improvement in relative profitability versus legacy peers is likely to take longer than previously expected. 3. Ingersoll-Rand (IR) downgraded to Neutral from Overweight at JPMorgan with analyst C. Stephen Tusa saying he sees more relative upside and better risk/rewards elsewhere in the Electrical Equipment and Multi Industry sector. The analyst expects the company's solid execution to continue and raised his price target for the shares to $98 from $96. 4. L Brands (LB) downgraded to Market Perform from Outperform at Cowen with analyst Oliver Chen saying he sees risk to its comparable sales growth and margins if the company can not achieve elevated pricing. 5. Yahoo Japan (YAHOY) downgraded to Hold from Buy at Jefferies with analyst Hiroko Sato citing a lack of catalysts. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/20/17
GSCO
09/20/17
DOWNGRADE
Target $130
GSCO
Sell
Johnson & Johnson downgraded to Sell from Neutral at Goldman Sachs
Goldman analyst Jami Rubin downgraded Johnson & Johnson to Sell and increased its price target to $130 from $125 saying pressure on key products combined with still-slow MD&D growth and continued strains on the consumer will leave the company with below average, long-term growth. Rubin is forecasting Johnson & Johnson sales adjusted earnings CAGR of 5%-7% versus 5%-10% for the large cap pharma sector. As a result, the analyst views Johnson & Johnson's valuation as "stretched" on a relative value basis.
08/31/17
UBSW
08/31/17
NO CHANGE
Target $148
UBSW
Buy
Johnson & Johnson remain a top pick, says UBS
UBS analyst Matt Miksic met with Johnson & Johnson management and came away remaining confident in his conviction of his bullish view on the company. The analyst sees sustained Pharma growth, stable Med Device growth and an improving Consumer division. He identifies multiple drivers, including its pipeline and potential deal interest in Eye Care, Dental, Structural Heart and Neurology. Miksic reiterated his Buy rating and $148 price target on the stock, adding Johnson & Johnson remains a top pick.
08/16/17
JPMS
08/16/17
NO CHANGE
Target $148
JPMS
Overweight
Johnson & Johnson price target raised ahead of ESC meeting at JPMorgan
JPMorgan analyst Michael Weinstein raised his price target for Johnson & Johnson shares to $148 from $140 ahead of the European Society of Cardiology beginning on August 26. The big event for J&J is the presentation of the COMPASS trial, investigating the use of Xarelto for the treatment of coronary or peripheral artery disease, Weinstein tells investors in a research note. His statistical analysis suggests a minimum 25% reduction in major adverse cardiac events, or MACE. This would make COMPASS a "landmark event in the treatment of CAD/PAD" and lead to Xarelto being adopted as the new standard of care in this greater than $5B indication, Weinstein writes. He recommends buying J&J shares ahead of the European Society of Cardiology meeting and keeps an Overweight rating on the name.

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BA

Boeing

$264.75

5.71 (2.20%)

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BAC

Bank of America

$27.17

0.59 (2.22%)

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ATHN

athenahealth

$126.04

9.63 (8.27%)

05:18
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TATYY

Tate & Lyle

$33.23

-0.835 (-2.45%)

05:13
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RIO

Rio Tinto

$48.37

0.24 (0.50%)

05:12
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Downgrade
Rio Tinto rating change  »

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MELI

MercadoLibre

$235.73

-0.27 (-0.11%)

05:02
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BIIB

Biogen

$338.10

-4.32 (-1.26%)

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CELG

Celgene

$121.33

-14.63 (-10.76%)

04:56
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04:56
Downgrade
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ASOMY

ASOS

$74.28

1.5 (2.06%)

04:55
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Conference/Events
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PAY

Verifone

$20.06

0.06 (0.30%)

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PLUG

Plug Power

$2.70

0.17 (6.72%)

04:55
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Plug Power to host special shareholder meeting »

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DDAIF

Daimler AG

$80.57

-1.11 (-1.36%)

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IVC

Invacare

$14.60

0.05 (0.34%)

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ALXN

Alexion

$139.02

-1.44 (-1.03%)

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BIVV

Bioverativ

$60.22

0.49 (0.82%)

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TSRO

Tesaro

$116.40

0.89 (0.77%)

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AMAG

Amag Pharmaceuticals

$15.60

-0.45 (-2.80%)

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