J&J: Wells Fargo remains positive, lowers its target

(CercleFinance.com) – Wells Fargo reaffirms its ‘overweight’ recommendation on Johnson & Johnson (J&J) despite a price target lowered from $178 to $170, based on a ratio of approximately 15 times its 2025 EPS assumption for the health group.

As the December 5 investor day approaches, the broker says it expects the focus to be on the medium- and long-term outlook for pharmaceuticals and medical technologies, particularly growth in 2025 and beyond. beyond that in pharmaceuticals.

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