Citigroup Reinstates Buy on Johnson & Johnson, Announces $185 Price Target
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Joanne Wuensch reinstates Johnson & Johnson (NYSE:JNJ) with a Buy rating and announces a $185 price target.
May 30, 2023 | 9:35 am
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Citigroup reinstates Johnson & Johnson with a Buy rating and a $185 price target.
The reinstatement of a Buy rating by Citigroup, a major financial institution, is a positive signal for Johnson & Johnson. The $185 price target indicates an upside potential for the stock, which may lead to increased investor interest and a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100