Wells Fargo Maintains Equal-Weight on Johnson & Johnson, Raises Price Target to $166
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Larry Biegelsen maintains an Equal-Weight rating on Johnson & Johnson and raises the price target from $163 to $166.
October 16, 2024 | 3:43 pm
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POSITIVE IMPACT
Wells Fargo has maintained its Equal-Weight rating on Johnson & Johnson while slightly increasing the price target from $163 to $166.
The increase in price target suggests a positive outlook, albeit modest, for Johnson & Johnson. The Equal-Weight rating indicates that the stock is expected to perform in line with the market. The slight increase in price target may lead to a minor positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100