Sector Update: Healthcare
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 ( JNJ ) shares by $12 to $116 a share, leaving their Buy rating for the stock unchanged.
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 Living ( BKD ).
(-) 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.