![]() He lowered his estimates for Mead Johnson’s earnings in 2012 through 2014 by 3 percent on average. “We see risk that consumers trust in the Enfamil brand is damaged, regardless of the outcome of any investigation,” Goldman Sachs analyst Jason English said in a client note. ![]() formula maker, closed 5 percent lower on Friday, on top of a 10 percent drop on Thursday when news first emerged that Wal-Mart Stores Inc was pulling cans of Enfamil Newborn formula off its shelves following the death of the infant. Shares of Mead Johnson Nutrition Co, the largest U.S. Initial results of the probe could be available at the end of next week at the earliest, though the full investigation could take up to a month.Ī top investment bank warned that Enfamil sales could be hurt even if health regulators find no link between it and the death. health regulators said on Friday they are looking at several types of baby formula that could be linked to the death of an infant, expanding an investigation beyond Mead Johnson’s market-leading Enfamil.Īn official from the Centers for Disease Control and Prevention (CDC) said the baby, 10-day-old Avery Cornett of Lebanon, Missouri, had consumed a variety of baby formulas before his death but declined to give more details.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |