J&J's Medtech Business Is Soaring. Time to Buy the Stock?

You may not automatically think of pharma giant Johnson & Johnson (NYSE: JNJ) as a high-growth company. Yes, J&J is practically a household name, thanks to consumer products like Aveeno lotions and Band-Aid bandages. But these and other products haven't driven much growth over the past several years. And that may have pushed away some investors.

Things are changing at J&J though -- and a new era of growth might have already started. The star of the show? J&J's medtech business. It posted a double-digit increase in revenue in the second quarter. And more may be on the way.

Does this mean it's time to buy this big pharma stock? Let's find out.

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Source Fool.com