Mead Johnson risk/reward favorable into Q2 results, says Citigroup Citigroup sees a favorble risk/reward for shares of Mead Johnson into the company's Q2 results saying its surveys indicate the company is seeing positive trends in its two largest markets of China and the U.S. Mead remains Citi's top pick in U.S. food with a Buy rating and $105 price target.
Mead Johnson reports Q4 EPS ex-items 78c, consensus 73c Reports Q4 revenue $967M, consensus $965.78M. Sales in all segments were adversely impacted by a strengthening dollar, most notably in China, Mexico and Canada. Further, sales in the current quarter were below the prior year quarter mostly due to price-based promotions in Greater China and market share weakness in Malaysia and Thailand. Sales in the Philippines increased compared to the prior year quarter.