Referenced Stocks

Johnson & Johnson’s Price Target Boosted at Citigroup (JNJ)

By Dividend.com,  October 18, 2010, 08:59:56 AM EDT

Healthcare products giant Johnson & Johnson( JNJ ) on Monday saw its price target raised by analysts at Citigroup.

The firm said it now expects JNJ shares to rach $70, which represents an expected 10% upside to the stock's Friday closing price of $63.57.

Citigroup also reiterated its "Buy" rating on the stock, citing improving current credit trends.

Johnson & Johnson shares were mostly flat in premarket trading Monday.

The Bottom Line
We have been recommending shares of JNJ since Oct.8, 2009, when the stock was trading at $60.71. The company has a 3.40% dividend yield, based on Friday's closing stock price of $63.57.

Johnson & Johnson( JNJ ) is a "Recommended" dividend stock, 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 .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: JNJ



Latest News Video

Top 4 Most Iconic Natural Disasters In US History
Top 4 Most Iconic Natural Disasters...
Top Stories: Fallen Soldier
Top Stories: Fallen Soldier         
Medea Benjamin, Obama Heckler: I Will Get In Again
Medea Benjamin, Obama Heckler: I Wi...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.21 0.10  0.75%
HPQ $ 24.86 3.63  17.10%
SIRI $ 3.545 0.01  0.28%
MU $ 11.39 0.47  4.30%
MSFT $ 34.15 0.46  1.33%
F $ 14.81 0.16  1.07%
QQQ $ 73.45 0.17  0.23%
GE $ 23.66 0.20  0.84%