Report
Damien Conover
EUR 100.00 For Business Accounts Only

J&J Provides Solid Update at Pharmaceutical Business Review Day With Analysts; Increasing FVE

On May 15, Johnson and Johnson hosted a pharmaceutical update with the investment community, highlighting key drugs in the pipeline, which led us to increase our fair value estimate to $134 from $130. The stock continues to trade close to our fair value, suggesting the growth prospects are incorporated into the current stock price. The increased visibility into the company's pipeline also strengthens our conviction in the company's wide moat, which rests largely on the firm's ability to develop ...
Underlying
Johnson & Johnson

Johnson & Johnson is a holding company engaged in the research and development, manufacture and sale of a range of products in the health care field. The company has three business segments: Consumer, which includes a range of products focused on personal healthcare used in the beauty, over-the-counter pharmaceutical, baby care, oral care, women's health and wound care markets; Pharmaceutical, which is focused on six therapeutic areas: immunology, infectious diseases, neuroscience, oncology, cardiovascular and metabolism and pulmonary hypertension; and Medical Devices, which includes products used in the orthopaedic, surgery, interventional solutions, and eye health fields.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Damien Conover

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