Financial Wire

Update: BofA Securities Raises Price Target on Johnson & Johnson to $254 From $253, Maintains Neutral Rating

-- (Updated to include BofA's commentary)

BofA Securities raised its price target on Johnson & Johnson (JNJ) to $254 from $253, while maintaining its Neutral rating after the company's reported better-than-expected Q1 results.

Given the results, the brokerage modestly raised its 2026 forecasts mainly for Tremfya (immunology). But, as there were no thesis-changing updates, with the company providing above-peer top-line growth and favorable LOE profile, which is already reflected in its premium multiple, the brokerage reiterated its Neutral rating on balanced risk/reward.

Johnson & Johnson has an average rating of overweight and mean price target of $256.39, according to analysts polled by FactSet.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Price: $237.77, Change: $-2.33, Percent Change: -0.97%

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