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NAPSR News: Johnson & Johnson's Pharma Group Leading the Way
The firm's consumer and medical-device group are lagging, but strong results from the pharmaceuticals side should drive earnings throughout this year and into 2015, says Morningstar's Damien Conover.
When you think about Johnson & Johnson, the three pieces here really the pharmaceutical group is doing very well, while the device group and the consumer group are both lagging. But nevertheless with such power coming from the pharmaceutical group, we are increasing our fair value estimate by $2 to $99 per share. We think that the strength that we've seen in the pharmaceutical group will continue over the next several quarters and will likely have an amplified impact on the bottom line because keep in mind pharmaceutical sales have much higher margins than both the device group and the consumer group.
That should put Johnson & Johnson on a path that should continue to accelerate earnings throughout the remainder of this year and probably into the beginning of next year.
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The CNPR is a federally trademarked certification you can earn by demonstrating the necessary knowledge in pharmacology, medical terminology, physiology, and regulations for selling pharmaceuticals. The CNPR examination is dedicated to increasing the professional level of NAPSR members and to developing meaningful and ethical standards fully accepted by both its members and members of the pharmaceutical community.
Individuals that are interested in becoming a Certified National Pharmaceutical Representative(