Citi lowered the firm’s price target on Becton Dickinson (BDX) to $217 from $270 and keeps a Buy rating on the shares after a “difficult quarter” with “several moving parts.” Management lowered FY25 organic revenue growth to 3.0%-3.5% and EPS to $14.06-$14.34 from $14.30-$14.60, inclusive of a 25c tariff headwind, Citi noted. While the firm appreciates the difficulties in forecasting dynamics, it questions “if downside risk is fully captured,” but “given the stock move it does appear washed out,” the analyst added.
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Read More on BDX:
- Becton Dickinson’s Mixed Performance and Growth Challenges Justify Hold Rating
- Wells downgrades Becton Dickinson to Equal Weight after guidance cut
- Becton Dickinson downgraded to Equal Weight from Overweight at Wells Fargo
- BofA downgrades Becton Dickinson to Neutral on ‘inconsistent execution’
- Becton Dickinson downgraded to Neutral from Buy at BofA
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