April 18, 2013 at 10:58 AM EDT
Argus Raises Price Target on Johnson & Johnson; Reaffirms “Buy” Rating (JNJ)

Argus reported on Thursday that it has increased its price target on healthcare product company, Johnson & Johnson (JNJ).

The firm has maintained a “Buy” rating on JNJ, and has increased its price target from $80 to $96. This price target suggests a 13% upside from the stock’s current price of $83.53.

Johnson & Johnson shares were mostly flat during Thursday morning trading. The stock has increased 32% in the past year.

The Bottom Line
Shares of Johnson & Johnson (JNJ) have a 2.91% yield, based on Thursday morning’s price of $83.71.

Johnson & Johnson (JNJ) is not recommended at this time, holding a Dividend.com 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.

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