Johnson & Johnson (JNJ): New Buy Recommendation for This Healthcare Giant
In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Johnson & Johnson (NYSE: JNJ). The company’s shares closed yesterday at $136.56.
According to TipRanks.com, Selvaraju is ranked 0 out of 5 stars with an average return of -5.7% and a 33.1% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Biospecifics Technologies Corp, Synergy Pharmaceuticals Inc, and Bausch Health Companies Inc.
Currently, the analyst consensus on Johnson & Johnson is a Strong Buy with an average price target of $154, implying a 12.8% upside from current levels. In a report issued on October 12, Credit Suisse also maintained a Buy rating on the stock with a $149 price target.
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The company has a one-year high of $148.32 and a one-year low of $118.62. Currently, Johnson & Johnson has an average volume of 6.15M.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock.
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