Healthcare stocks were slightly higher today with the NYSE
Healthcare Sector Index adding 0.3% and shares of healthcare
companies in the S&P 500 rising 0.1% as a group.
In company news, analysts at Argus today raised their price
target for Johnson & Johnson (
) shares by $12 to $116 a share, leaving their Buy rating for the
JNJ shares were up 0.4% to $99.10 in late trade, earlier
advancing to a session high of $99.65. The stock has a 52-week
range of $82.12 to $99.71 a share.
In other sector news,
(+) ESC, Waiting period under Hart-Scott-Rodino antitrust rules
expire for the company's proposed merger with Brookdale Senior
(-) UNH, Earns $1.1 billion, or $1.10 a share, during the three
months ended March 31, topping analyst estimates by $0.01 per
share. Sales rose 4.6% year over year to $31.7 billion, lagging the
Capital IQ consensus by around $300 million.
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