Johnson & Johnson Holding Value In Wake Of Lawsuits

Summary:

  • The baby powder controversy has continued to impact Johnson & Johnson’s share price.
  • Johnson & Johnson is scrambling to find ways to deal with more than 40,000 lawsuits it’s facing.
  • The company has issued a cautious forecast for 2023 in the wake of inflation.
  • This article focuses on the fundamentals, the real value versus the current share price, and whether Johnson & Johnson is currently worth investing in.

Johnson & Johnson Reaches Settlement In 8.9 Billion Dollar Lawsuit Over Products Containing Talcum Powder

Justin Sullivan/Getty Images News

Johnson & Johnson (NYSE:JNJ) is one of the oldest players in the healthcare market. However, the company is in a crisis due to its baby powder controversy. It is facing more than 40,000 lawsuits throughout the

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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