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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