Johnson & Johnson (JNJ) - Bull Of The Day

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Johnson & Johnson (JNJ) - Bull Of The Day

By Zacks Investment Research on July 15, 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 as well as the affects of foreign exchange, revenue will fall in 2009.

We expect EPS to experience a more moderate decline, benefiting from improving margins and share buybacks. However, 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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