UPDATE: Miller Tabak Downgrade Mead Johnson Nutrition Company to Neutral Post Share Rally
Posted on February 01, 2013 at 09:54 AM EST
Miller Tabak downgraded Mead Johnson Nutrition Company (NYSE: MJN ) from Buy to Neutral and maintained a $76.00 price target. Miller Tabak commented, "[F]ollowing yesterday's 11.5% rally in the stock, we estimate that MJN is currently trading at 23.0x FY 2013 earnings and 15.0x our FY 2013 EBITDA which