NEW YORK (TheStreet) -- Johnson & Johnson (JNJ) shares are falling, down -0.3% to $102.89, after the company recalled certain lots of its jaw implants used to lengthen and stabilize lower jaw bone defects after injuries were reported in 15 cases.
The FDA announced that the recall was of the most serious Class 1 category as the device can cause serious injury or death.
Infants using the product have the highest risk of injury due to possible and sudden obstruction of the trachea.
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TheStreet Ratings team rates JOHNSON & JOHNSON as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate JOHNSON & JOHNSON (JNJ) a BUY. 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."
Highlights from the analysis by TheStreet Ratings Team goes as follows: