Citi Lifts PT on Johnson & Johnson (JNJ) to $274 From $250 – Here’s Why

Johnson & Johnson (NYSE:JNJ) is 1 of the astir profitable bluish spot stocks to put successful now. On March 11, Citi lifted the terms people connected Johnson & Johnson (NYSE:JNJ) to $274 from $250 portion maintaining a Buy standing connected the shares. The steadfast told investors successful a probe enactment that it adjusted terms targets successful the aesculapian exertion radical aft the merchandise of the fiscal Q4 reports, adding that contempt the caller volatility, assemblage fundamentals stay “healthy”. Citi besides stated that its apical picks are iRhythm and Medtronic.

In a abstracted development, Johnson & Johnson (NYSE:JNJ) announced connected March 10 the submission of a Type II saltation exertion to the European Medicines Agency (EMA) seeking support for an denotation hold of TECVAYLI® arsenic monotherapy to dainty big patients with relapsed/refractory aggregate myeloma who person received astatine slightest 1 anterior therapy.

Johnson & Johnson (NYSE:JNJ) further reported that the information from the Phase 3 MajesTEC-9 proceedings enactment the submission, which evaluates the information and efficacy of teclistamab compared to the modular of attraction of pomalidomide, bortezomib, and dexamethasone oregon carfilzomib and dexamethasone successful 614 patients with RRMM.

Johnson & Johnson (NYSE:JNJ) develops, manufactures, and sells products successful the healthcare field. The institution operates done 2 segments: Innovative Medicine and MedTech. The Innovative Medicine conception focuses connected assorted therapeutic areas, including oncology, infectious diseases, immunology, cardiovascular and metabolic diseases, and others. The MedTech conception includes an elaborate scope of aesculapian devices and products utilized successful cardiovascular intervention, orthopedics, interventional solutions, surgery, and imaginativeness fields.

While we admit the imaginable of JNJ arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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