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Johnson & Johnson (JNJ) Jumped After Jefferies Upgrade

Jefferies upgraded its rating on shares of Johnson & Johnson (JNJ) Wednesday morning to "Buy" from "Hold."

Johnson & Johnson gapped open higher Wednesday and climbed during the first 45 minutes of trade. The stock settled into a range for the rest of the session and closed up by 2.75 at $136.65 on above average volume. Johnson & Johnson closed challenging resistance at the highs of the year, trading at nearly a 3-month high.

by RTT Staff Writer

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