Credit Suisse Downgrades Mead Johnson to "Neutral"; Lower Expected Sales Growth (MJN)

Credit Suisse Downgrades Mead Johnson to “Neutral”; Lower Expected Sales Growth (MJN)


On Wednesday analysts at Credit Suisse downgraded Mead Johnson Nutrition Company (MJN) as the firm sees low sales growth for the children’s nutrition company going forward.

The analysts downgraded MJN from “Outperform” to “Neutral” while also cutting earning estimates. Credit Suisse sees shares reaching $76, which suggests a +10% upside to Tuesday’s closing price of $69.24.

Mead Johnson shares were flat during premarket trading on Wednesday. The stock is down -3.5% over the past year.

The Bottom Line
Shares of Mead Johnson (MJN) have a 1.73% dividend yield, based on last night’s closing stock price of $69.24. The stock has technical support in the $65 price area. If the shares can firm up, we see overhead resistance around the $73-$75 price levels.

Mead Johnson Nutrition Company (MJN) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today