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Stock Market & Financial Investment News

News Breaks
July 15, 2014
05:46 EDTMJNMead Johnson upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Mead Johnson to Buy saying the company's results should beat expectations while it remains an attractive takeover candidate. Goldman raised its price target for shares to $107 from $91.
News For MJN From The Last 14 Days
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April 28, 2015
07:43 EDTMJNMead Johnson pushing for changes to WIC program, WSJ reports
The law authorizing the $6B per year WIC program providing food vouchers to women who are pregnant or have young children is up for renewal this year and formula makers, led by top U.S. maker Mead Johnson (MJN), are pushing for change, said The Wall Street Journal. Growth in the program has made it a money-losing venture for baby formula makers who essentially make no profit off formula sold to states as part of the program and Mead Johnson is pushing for changing eligibility requirements, thereby limiting or even shrinking the pool of recipients, the report noted. Other U.S. infant formula makers include Abbott (ABT) and Nestle (NSRGY). Reference Link
April 23, 2015
07:32 EDTMJNMead Johnson reiterates FY15 adjusted EPS view $3.90-$4.00, consensus $4.00
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07:32 EDTMJNMead Johnson reaffirms FY15 non-GAAP guidance
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07:32 EDTMJNMead Johnson reports Q1 adjusted EPS $1.09, consensus $1.05
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April 22, 2015
15:50 EDTMJNNotable companies reporting before tomorrow's open
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