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St. Louis Financial Planners boosts Johnson & Johnson stake by 35.3%, amid positive FDA approval and analyst upgrades.

Market News
23 Mar 2026
Defense World
View Source
Bullish
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St. Louis Financial Planners Asset Management increased its holdings in Johnson & Johnson by 35.3% in Q4, now owning 22,422 shares worth $4.64 million, making it their 8th largest position. The company recently received FDA approval for Icotyde, an oral IL-23 receptor antagonist, boosting its immunology portfolio with significant revenue potential. Analysts from HSBC and Morgan Stanley raised price targets, signaling confidence in J&J's growth prospects. Despite insider stock sales and some cautious ratings, Johnson & Johnson maintains strong fundamentals with a recent quarterly dividend and positive earnings results, supporting a moderate buy consensus among analysts.

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