Here are the biggest calls on Wall Street on Wednesday
Cantor initiated the stock as outperform and said it sees shares of the company moving higher following "diminished" risks from talc and opioid litigation.'s Pharma business and multiple expansion, from 15x to 17x, forward P/E, driven by diminishing headlines risks from talc and opioids, should move shares higher. JNJ has reported eight consecutive years of pharma operational sales growth at a CAGR of 8.9%, about twice as fast as the global market.
We also think liabilities from talc and opioids are manageable with JNJ's cash balance, as well as its cash flow from operations."Bank of America upgraded the cannabis company following a pullback in shares and a more "reasonable" valuation among other things.shares arguing Street estimates for Canopy were far too high given a temporary slowdown in provinces ordering cannabis .
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves premarket: Target, Lowe's, Boeing, Alibaba, J&J & moreTarget and Lowe's jump on better-than-expected earnings, while an analyst upgrades Canopy Growth.
Read more »
How Johnson & Johnson Shares Can Get WellLegal setbacks have weighed on Johnson & Johnson shares but better news could be on the way for stockholders WSJWhatsNow
Read more »
In testy leadership debate, UK PM Johnson promises quick BrexitPrime Minister Boris Johnson doubled down on his Brexit promises on Tuesday, say...
Read more »
Chris Murphy offers House investigators own account of Ukraine visitRead the letter Sen. Chris Murphy, a member of the Senate Foreign Relations Committee, sent to House investigators offering his own analysis of his September visit to Ukraine
Read more »
Twitter says UK PM Johnson's party misled public with 'factcheck' accountTwitter said British Prime Minister Boris Johnson's Conservative Party misl...
Read more »