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Despite investor sell-offs, Johnson & Johnson reported strong earnings, exceeding analysts' estimates.
Johnson & Johnson (JNJ) saw several investors reduce their holdings in Q4, including First Foundation Advisors, which sold 3,675 shares, reducing its stake to 47,050 shares.
JNJ reported strong quarterly earnings of $2.04 per share, beating analysts' estimates by $0.05, with revenue of $22.52 billion also exceeding expectations.
The company operates through Innovative Medicine and MedTech segments.
Shares of JNJ have a 50-day moving average of $159.50 and a 200-day moving average of $155.37.
Bank of America maintained a "neutral" rating but lowered the price target to $159.00.
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A pesar de las ventas de inversores, Johnson & Johnson reportó ganancias fuertes, superando las estimaciones de los analistas.