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JNJ / J&J's talc litigation proposal is positive for stock and removes key overhang, say JPM analysts

J&J's talc litigation proposal is positive for stock and removes key overhang, say JPM analysts
Johnson & Johnson's JNJ, +1.05% decision to pay up to $8.9 billion over 25 years to settle claims connected with cosmetic-talc litigation is a positive for the stock as it removes the overhang of negative headlines, JP Morgan analysts said Wednesday.  “A settlement could significantly accelerate the timeline for talc litigation resolution relative to ongoing litigation (with investors broadly avoiding litigation/uncertainty in the sector) and the $8.9 billion committed is in-line with our $8-10 billion estimate (which translates to ~$3.50/share for JNJ),' analysts wrote in a note to clients. Read More
Posted: Apr 5 2023, 07:04
Author Name: Market Watch
Views: 112589

JNJ News  

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