HSBC Initiates Coverage On Johnson & Johnson with Hold Rating, Announces Price Target of $175
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Morten Herholdt has initiated coverage on Johnson & Johnson (NYSE:JNJ) with a Hold rating and a price target of $175.
September 06, 2023 | 9:31 am
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HSBC has initiated coverage on Johnson & Johnson with a Hold rating and a price target of $175.
The Hold rating from HSBC indicates a neutral outlook for Johnson & Johnson. The price target of $175 suggests that the analyst believes the stock is fairly valued at this price. This could potentially limit the upside for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100