Johnson & Johnson (JNJ) - Bull Of The Day

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Johnson & Johnson (JNJ) - Bull Of The Day

By Zacks Investment Research on March 27, 2009 | More Posts By Zacks Investment Research | Author's Website

Johnson & Johnson (JNJ) has an enormously diverse revenue stream consisting of market leading products in all three of its business segments. However, due to a number of products expected to experience declining sales, revenue will likely fall in 2009.

We expect EPS to remain flat from 2008, benefiting form improving margins and share buybacks. Then again, J&J s consistency, product diversity, financial stability and long-term growth potential make it a very attractive holding in this turbulent market.

We rate the stock a Buy based on the stock’s attractive valuation and strong company fundamentals. Our price target is $70.

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