
JNJ Stock Slips as Investors Worry about the Impact of Tariffs
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Executives said that the biggest tariff-related risks come from China, Canada, and Mexico. CFO Joe Wolk estimated about $400 million in costs tied to tariffs that will mainly affect the Medical Devices segment. He also said that most of the impact comes from products shipped from the U.S. to China and that these extra costs will show up in future financial reports. Goldman Sachs analyst Asad Haider noted that JNJ has managed well by cutting research expenses and using its size to handle the uncertainty.
However, J&J faces other challenges. The company is under pressure from ongoing lawsuits over its talc products. After a judge rejected a $10 billion talc settlement proposal, J&J returned $7 billion of that sum to its balance sheet and will now pursue a different legal strategy, with key court hearings expected later this year. Analysts believe the company is preparing to challenge plaintiffs' expert testimony in an effort to contain future legal risk.
Is JNJ Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on JNJ stock based on seven Buys, eight Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average JNJ price target of $168.79 per share implies 9.6% upside potential.
See more JNJ analyst ratings

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