Johnson Johnson (JNJ)

Johnson & Johnson Stock (JNJ) dropped by 2.15% from $156.09 to $152.73 in the trading on Wednesday October 18, 2023. The reason why JNJ stock down today is due to lower price target from the analysts. Although the company posted the estimates-beating third-quarter results Tuesday, JNJ stock had a bit of a hangover as a pair of pundits tracking Johnson & Johnson stock lowered their fair value estimations of the healthcare giant before the market open Wednesday. Terrance Flynn from Morgan Stanley lowered his by $3 to a new price target of $171 per share. Jayson Bedford of Raymond James made a slightly deeper cut, reducing his target to $172 from the preceding level of $179.