Mead Johnson concerns overdone, says Credit Suisse

theflyonthewall.com

Credit Suisse raised Mead Johnson estimates following the Q3 beat and raised guidance and said weakness in shares due to the internal investigation in China is overdone. The firm sees a "minute" probability that the investigation will impact its business in China or its outlook and views weakness as a buying opportunity. Shares are Outperform rated with a $90 price target.

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