Raymond James Maintains Outperform on Johnson & Johnson, Lowers Price Target to $179
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Jayson Bedford has maintained an 'Outperform' rating on Johnson & Johnson (NYSE:JNJ), but lowered the price target from $184 to $179.
September 05, 2023 | 8:13 am
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NEUTRAL IMPACT
Johnson & Johnson's price target has been lowered from $184 to $179 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100