Yes, CS has an "Underperform" rating on JNJ.
Of course, this is not new "news", nor a new rating.
CS latest update to their rating was Feb 18 when Bruce Nudell REAFFIRMED his underperform rating for JNJ; he kept his target the same: 94.00.
Nudell has been covering JNJ since 5/23/13 when he started JNJ @ underperform with a 73.00 target.
He has reiterated his underperform twelve times, but has periodically increased his target; from 73 to 86 to 90 and then 94 on 12/5.
FWIW: There are 25 analysts that cover JNJ. 15 buys, 9 holds and 1 sell. Av target: 102.50.