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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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May 27, 2015
08:09 EDTMJNMead Johnson repeats FY15 adjusted EPS view $3.90-$4.00, consensus $3.99
Repeats FY15 sales growth view of about 7% constant dollar sales growth with about 5% reduction from FX. Sees FY15 gross margin approx. 64%, operating expenses approx. 39% of sales. Sees FY15 EBIT slightly above 24.5% of sales, effective tax rate "slightly better" than 24%. Sees long-term earnings growth at or above revenue growth rate. Says intends to make incremental demand-generation investments in light of anticipated gross margin improvement in 2015. Comments from slides that will be presented at the Citi Global Consumer Conference.

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