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Street View: Johnson & Johnson may be able to weather tariff scare

ReutersApr 16, 2025 9:28 AM

Drug and Medical device maker Johnson & Johnson JNJ.N beat Q1 estimates on strong sales of its cancer treatments, including multiple myeloma medicine Darzalex

Median PT of 26 brokerages covering the stock is $169.50 - LSEG data

LOOKS SOMEWHAT IMMUNE DESPITE TARIFFS

J.P.Morgan ("neutral," PT: $185) expects co to maintain steady growth, despite concerns about litigation and tariffs impacting sales in China

RBC ("outperform," PT: $181) believes co is well-positioned for growth in MedTech due to its strong portfolio and innovation, particularly in heart failure treatments, electrophysiology, and surgical robotics

TD Cowen ("buy," PT: $185) believes co can manage $400 mln tariff costs and still meet its 2025 earnings goals, which mainly affects its MedTech products shipped from the U.S. to China

Morgan Stanley ("equal-weight," PT: $169) see JNJ's strategic investments as a positive move despite tariff impact

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