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0.000130599451482309 -0.000870663009882099 -0.00171955944451704 -0.00169779286927001 -0.00487571285533936 -0.00474511340385705 -0.00404858299595145 -0.00230725697618737
Stock impact report

Morgan Stanley Upgrades Johnson & Johnson to Overweight, Increases PT to $262 [Yahoo! Finance]

Johnson & Johnson (JNJ) 
Last johnson & johnson earnings: 4/14 06:31 am Check Earnings Report
US:NYSE Investor Relations: jnj.com
Company Research Source: Yahoo! Finance
On January 28, TheFly reported that Morgan Stanley upgraded Johnson & Johnson (NYSE:JNJ) from Equal Weight to Overweight, increasing the price target from $200 to $262. Gil C/Shutterstock.com Terence Flynn from Morgan Stanley remains bullish on the company as he expects higher estimates from Johnson & Johnson's new products. Based on this, Flynn also sees a higher valuation multiple for the upgrade. The analyst expects JNJ to surpass earnings driven by several new product cycles, estimating almost 20% above consensus estimates. Wall Street, on average, expects JNJ to post adjusted earnings per share of $2.69 for the current quarter. Flynn mentioned that the company offers one of the most robust new product cycle offerings in the biopharma industry. The analyst has also raised estimates for the company's products, including Tremfya, Icotyde, Tecvayli, and Darzalex. Over the past year, through January 30, Johnson & Johnson (NYSE:JNJ) shares have returned over 48.50%. Of the 28 Show less Read more
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