U.S. Markets closed

Why RBC Capital Markets Lowered Its Target Price on JNJ Stock

Sarah Collins
Why RBC Capital Markets Lowered Its Target Price on JNJ Stock

On July 6, RBC Capital Markets lowered its target price on Johnson & Johnson (JNJ) stock from $155 to $143. The company, however, maintained an “outperform” rating on the stock. JNJ closed trading at $125.00, an increase of ~2% from its previous day’s closing price, on July 5.