Deutsche Bank raised their price target for Johnson &
) on Wednesday. The firm also reiterated their rating of a "Hold"
for the company.
Analysts at Deutsche Bank have reaffirmed a "Hold" rating on JNJ
and have raised their price target from $72 to $75. This new price
target suggests a 6.2% increase over the stock's current price of
$70.31, and a 8.5% increase from the stock's YTD price of
The firm commented, "3Q12 beats; Maintain Hold Rating. J&J's
3Q12 EPS of $1.25 were better than expected on a slightly higher
topline and lower SG&A expenses. Excluding FX and Synthes,
sales were up 5%, which marks the best quarter in a number of years
as J&J anniversaries patent expirations and sees growth driven
by new product launches. The MD&D businesses continue to see
more modest growth due to muted utilization trends."
Johnson & Johnson shares were up 79 cents, or 1.14% on
The Bottom Line
We have been recommending shares of Johnson & Johnson (
) since Apr.27, when the stock was trading at $64.75. The company
has a 3.51% dividend yield, based on last night's closing stock
price of $69.55.
Johnson & Johnson(
) is currently recommended at this time, holding a Dividend.com
DARS™ Rating of 3.5 out of 5 stars.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here
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