In April, alongside its first-quarter results, J & J raised its full-year sales guidance by about $1 billion and its earnings-per-share outlook by 15 cents.
Clearing this overhang would help reduce the discount at which J & J shares to pharmaceutical peers, the firm said.
The Club's take: JPMorgan's thinking on J & J aligns quite closely with our own.
The dark cloud of talc lawsuits continues to keep a lid on J & J's stock price.
Joaquin Duato, chief executive officer of Johnson & Johnson, at the company's headquarters in New Brunswick, New Jersey, U.S., on Thursday, April 21, 2022.
Persons:
Johnson, Eli Lilly, J, Wells, Wells Fargo, Eli Lilly's, —, Eisai, Biogen, Bloomberg, we've, Jim Cramer's, Jim Cramer, Jim, Joaquin Duato, Amir Hamia
Organizations:
Johnson, JPMorgan, pharma, U.S ., Humana, UnitedHealth, Bloomberg, U.S, Mayo Clinic, Club, GE Healthcare, CNBC, Getty, & $
Locations:
U.S, California, Wells Fargo, Rochester , Minnesota, New Brunswick , New Jersey