Johnson & Johnson (JNJ) Gets Price Target Hike at Deutsche Bank

Deutsche Bank upped its price target on Johnson & Johnson (JNJ) stock to $142 from $125 on Thursday morning.
By Annie Palmer ,

NEW YORK (TheStreet) -- Deutsche Bank raised its price target to $142 from $125 on Johnson & Johnson (JNJ) - Get Report  stock Thursday morning. 

The firm maintained its "buy" rating on the New Brunswick, NJ-based pharmaceutical and consumer goods company, citing its diversified portfolio, strong balance sheet, and improvements across all three of its divisions. 

"J&J is a master of its own destiny with the luxury of time on its size as the business today is strong and outlook bright," Deutsche Bank said in an analyst note.

Johnson & Johnson's pharmaceutical division is built to grow based on its "strong pipeline," while its medical devices sector should see improved sales growth depending on further restructuring efforts and portfolio management, the firm added.

Deutsche Bank noted the stock is a "beacon of safety" compared to its peers, warranting it a premium valuation.

Shares of Johnson & Johnson are slipping by 0.04% to $125.10 in late afternoon trading on Thursday. 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate JOHNSON & JOHNSON as a Buy with a ratings score of A. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: JNJ

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