DBS Analyst Increases Johnson & Johnson Target Price to $270
DBS analyst Nico Chen has reaffirmed his hold rating on Johnson & Johnson (JNJ.US) while increasing its target price to $270. This development comes after a review of the company's performance by Chen, who has a track record of success with a 57.5% success rate and an average return of 8.6% over the past year.
According to TipRanks data, Chen's virtual portfolio has earned a positive return from the stock, indicating that his previous ratings have been accurate in predicting market trends. While the analyst maintains a hold rating on JNJ.US, the increased target price suggests that he believes the company will continue to perform well in the future.
It is worth noting that Chen's past performance has been evaluated and ranked by TipRanks, which provides an independent third-party analysis of financial analysts' recommendations. The ranking system gives Chen 4 out of 5 stars, indicating his high level of success as a stock analyst.