Analyst Larry Biegelsen of Wells Fargo maintained a Buy rating on Becton Dickinson (BDX – Research Report), reducing the price target to $270.00.
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Larry Biegelsen’s rating is based on several positive indicators for Becton Dickinson’s future performance. The company’s first-quarter results surpassed expectations, which reduces risk for the second half of the fiscal year. Management has maintained the full-year 2025 sales guidance, suggesting potential for growth, particularly with an anticipated increase in organic sales and easing comparisons in markets like China.
Additionally, Becton Dickinson’s margin outlook remains favorable, with anticipated year-over-year operating margin expansion. Although foreign exchange challenges may impact margins, management’s assessment hints at a strengthened position in the second half of the year. The potential for a strategic separation of the BDL segment could also unlock shareholder value, offering opportunities for cash flow generation and synergies, further supporting the Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a $278.00 price target.
BDX’s price has also changed slightly for the past six months – from $235.510 to $227.210, which is a -3.52% drop .