Becton Dickinson downgraded to Market Perform from Outperform at Raymond James

Raymond James analyst Jayson Bedford downgraded Becton Dickinson (BDX) to Market Perform from Outperform without a price target The firm says it “clearly mismodeled” the organic growth profile of the business over the last few quarters and are left wondering what can turn Becton’s growth trend around. The analyst struggles to identify “needle-moving innovations” that will reaccelerate the company’s growth and the firm’s sense is that the core business is ceding modest share. The impact of tariffs, will likely “stifle” Becton’s earnings growth further in fiscal 2026, the analyst tells investors in a research note.