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Benzinga
Benzinga
Business
Vandana Singh

Jim Cramer Says Johnson & Johnson Stock Could Power Through $200 Next

Jim Cramer Johnson & Johnson ( JNJ CNBC
New,York,,Usa,-,May,9,,2019:,Logo,Of,Johnson

Despite ongoing legal battles related to its talc products, Johnson & Johnson (NYSE:JNJ) stock has climbed over 23% year-to-date.

CNBC’s Jim Cramer on Thursday attributed the performance to investor confidence in Johnson & Johnson’s pharma strength and a shift in its legal approach, signaling that Wall Street may be moving past its longstanding concerns.

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