Mead Johnson Nutrition Company (MJN) : Analyst Rating Update

Mead Johnson Nutrition Company (MJN) : Zacks Investment Research ranks Mead Johnson Nutrition Company (MJN) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 2 Sell recommendation. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.64, which indicates as a Hold.

Mead Johnson Nutrition Company (MJN) : Currently there are 6 street experts covering Mead Johnson Nutrition Company (MJN) stock. The most bullish and bearish price target for the stock is $89 and $70 respectively for the short term. The average price target of all the analysts comes to $80.67. The estimated standard deviation from the target is $6.89.

Mead Johnson Nutrition Company (NYSE:MJN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $88.48 and $88.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $89.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $89.24, notching a gain of 0.46% for the day. The total traded volume was 1,482,762 . The stock had closed at $88.83 on the previous day.

Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Mead Johnson Nutrition Company (NYSE:MJN). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup raises the price target from $85 per share to $100 per share. The rating by the firm was issued on April 18, 2016. The company shares have rallied 0.44% from its 1 Year high price. On Jun 30, 2016, the shares registered one year high at $98.19 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $84.84 and the 200 Day Moving Average price is recorded at $79.76.

Mead Johnson Nutrition Company (Mead Johnson) is a global pediatric nutrition company. The Company manufactures, distributes and sells infant formulas, childrens nutrition and other nutritional products. Its product portfolio includes routine and specialty infant formulas, childrens milks and milk modifiers, dietary supplements for pregnant and breastfeeding mothers, pediatric vitamins, and products for pediatric metabolic disorders. The Company operates through three segments: Asia, Latin America and North America/Europe. The Companys Enfa family of brands, including Enfamil infant formula, is a brand franchise in pediatric nutrition. Its product portfolio addresses a range of nutritional needs for infants, children and expectant and nursing mothers. The Company markets its portfolio of more than 70 products to mothers, healthcare professionals and retailers in more than 50 countries in Asia, North America, Latin America and Europe.

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