Chart of the Day - Mead Johnson Nutrition (MJN)

The "Chart of the Day" is Mead Johnson Nutrition (MJN), which showed up on Friday's Barchart "All-Time High" list. Mead Johnson on Friday posted a new all-time high of $88.72 and closed up 3.23%. TrendSpotter has been long since June 15 at $85.32. In recent news on the stock, Credit Suisse on June 14 raised its earnings estimates for Mead Johnson due to lower commodity prices and recent price increases in China. Credit Suisse reiterated its Outperform rating and $98 price target. Miller Tabak on June 5 upgraded its rating on Mead Johnson to Buy from Neutral with a price target of $90. Mead Johnson Nutrition, with a market cap of $17 billion, is a global leader in pediatric nutrition and sells more than 70 products in over 50 markets worldwide. The company's "Enfa" family of brands, including Enfamil infant formula, is the world's leading brand franchise in pediatric nutrition.