UBS Boosts Johnson & Johnson Price Target to $320 Ahead of Q3 Earnings
Johnson & Johnson (JNJ) is set to release its Q3 results on October 13, with a press release scheduled for 6:45 a.m. ET and an earnings call/webcast featuring CEO and CFO at 8:30 a.m. ET.
The announcement comes after UBS raised its price target for JNJ shares to $320 from $280, sending the stock up by over 2% and contributing to gains in the healthcare sector and the Dow.
This move by UBS is significant, as it suggests confidence in Johnson & Johnson's financials and future prospects. The company's Q3 results will provide crucial insight into its performance, and investors are likely eagerly awaiting the announcement.